Industry Articles & Analysis

Chapter | Industry & Mining from The Report: Nigeria 2017

Comprising major food and consumer staples producers, Africa’s largest cement manufacturers, and a handful of heavy industries and light manufacturing, Nigeria has a diversified industrial sector. According to data from the Nigerian Investment Promotion Commission (NIPC), the country is home to the largest manufacturing sector on the continent and, along with Egypt, South Africa and Morocco, it accounts for two-thirds of the continent’s manufacturing in nominal US dollar terms. Given the potential of the industrial sector for both employment and revenues, the government is hoping to stoke further growth. The potential Nigeria offers as an industrial producer is not in any doubt, and the long-term advantages are sizeable, but so too are the challenges. As a result, the stabilisation of the macroeconomic situation offers some short-term hope. The long-term promise, however, is significant given the country’s vast array of inputs, such as natural gas, metals and agricultural commodities, as well as a domestic market of 189m people and duty-free access to another 120m consumers within ECOWAS. This chapter contains interviews with Okechukwu E Enelamah, Minister of Industry, Trade and Investment; and Kayode Fayemi, Minister of Solid Minerals Development; and a roundtable interview with Chidi Okoro, Managing Director, UAC Foods; Theo Williams, Country Manager, AJE; and George Plymenakos, Managing Director, Nigerian Bottling Company (NBC).

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Nigeria once had a thriving textiles industry, but as with so many of its peers across the continent, the sector has suffered under intense competition following the end of the Multi-Fibre Arrangement (MFA), which set rules for the international trade of textiles and garments until 2004. Given the role the MFA played in relation to employment...

 

Mining is big business in Africa and a cornerstone of many national economies. It accounts for a quarter of GDP in the Democratic Republic of the Congo, and in Botswana the figure has been as high as 40%. Yet despite the huge potential for deposits of precious metals, base metals, coal and iron ore, the Nigerian mining sector contributed only...

 

What obstacles do manufacturers face in Nigeria?

 

With a variety of both local and foreign firms, Nigeria’s pharmaceutical market comprised more than 130 active companies in 2017, including global giants such as GlaxoSmithKline and Procter & Gamble, as well as smaller domestic start-ups. Although there is a heavy presence of drugs producers, the country still faces a significant shortfall...

 

What is Nigeria doing to improve the investment attractiveness of its mining sector?

 

What is the biggest bottleneck facing fast-moving consumer goods (FMCG) production in Nigeria?