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Nigeria Faces De-Industrialisation as Manufacturing, Agric Decline

Nigeria’s manufacturing share fell to 8.8% of GDP while agriculture dropped to 23.3% in Q1 2025, as services surged to nearly 58%, NBS data shows. Industry leaders warn that poor power, inflation, and weak policies are crippling production, with FDI in manufacturing plunging 70% in Q1 2025. Experts say Nigeria risks de-industrialisation unless urgent reforms […]