Trade & Investment
In a bid to diversify the economy, utilize the vast number of raw materials available and meet the demands of this huge and fast-growing consumer population, the Federal Government of Nigeria has instigated several measures that aim to boost the manufacturing sector. Nigeria’s growing $150 billion consumer market and abundance of raw materials means that the manufacturing sector has massive potential for growth, and could well see Nigeria becoming the next global manufacturing hub. There are clearly enormous investment opportunities for investment in the manufacturing sector, given the strategic location of Nigeria which is surrounded by ECOWAS and ECCAS member states. Its relatively cheap labour tremendously reduces the cost of production while its booming population provides a large customer base for manufactured products.
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