The Manufacturers Association of Nigeria (MAN) has flaunted manufacturing as the backbone of the industrial sector, asserting that it could account for over 80% of the nation’s non-oil exports if given proper priority.
The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, made this statement during a recent Town Hall meeting with the Minister of State for Industry, Trade, and Investment, John Owan Enoh, alongside members and representatives of the Organised Private Sector (OPS).
At the meeting aimed at fostering more collaboration, promoting inclusivity and initiating flourishing conversations to drive Nigeria’s industrial growth, Ajayi-Kadir said at 46.5 per cent of industrial output, the manufacturing sector remains the leading contributor to Nigeria’s industrial sector.
In his overview of the state of the industrial sector, Ajayi-Kadir, said despite inherent challenges, Nigeria’s industrial value added $118.22 billion to the economy in 2023, ranking second in Africa, with the manufacturing sector which accounted for $55.74 billion.
