Investors retreat as manufacturing sector loses appeal – MAN
Naija News • 3d ago
The Manufacturers Association of Nigeria has expressed concern that investors are avoiding long-term production commitments in the country, as the manufacturing sector suffered a 54.11 per cent plunge in foreign investment in the first nine months of 2025, despite a sharp rise in overall capital importation.
Data from the National Bureau of Statistics showed that capital imported into the production and manufacturing sector decreased to $463.52m in the first nine months of 2025 from $1.01bn recorded in the corresponding period of 2024.
However, total capital importation into Nigeria surged 131.96 per cent to $16.78bn in the nine months of 2025, compared to $7.23bn in the same period of 2024.
A breakdown of the NBS data showed that the manufacturing sector attracted $129.92m in Q1 2025, ...