June 1, 2026
*Weak manufacturing base threatens economic gains – CPPE
By Yinka Kolawole
Nigeria’s manufacturing sector recorded a significant improvement in output in the first quarter of 2026 (Q1’26), with growth more than doubling year-on-year. However, concerns persist over the sector’s declining contribution to the nation’s Gross Domestic Product, GDP, amid warnings that a weak industrial base could undermine long-term economic transformation.
Data released by the National Bureau of Statistics, NBS, showed that the manufacturing sector grew by 3.29 per cent year-on-year in Q1’26, compared to 1.69 per cent recorded in the corresponding period of 2025 (Q1’25).
