Experts identify factors for Nigeria’s manufacturing sector’s revival

Sector analysts have highlighted macroeconomic shifts, market dynamics, and policy indicators as critical factors for long-term growth strategies to make Nigeria a leading hub for manufacturing and services in Africa.
 
The experts disclosed this during the Lagos Business School (LBS) Breakfast Club’s exclusive session, which provided actionable insights on economic trends shaping organisational success across Africa and fostered dialogue that drives strategic decision-making.
 
The event, which brought together senior executives and industry leaders to examine Nigeria’s trajectory toward becoming Africa’s leading hub for manufacturing and services, also served as a premier platform for knowledge exchange among top-tier business leaders.

In addition, it also provides actionable insights on economic trends shaping organisational success across Africa and fosters dialogue that drives strategic decision-making.
 
The session began with an in-depth briefing on Nigeria’s 2026 Economic Outlook, delivered by the Managing Director of Financial Derivatives Company (FDC), Bismarck Rewane.
 
This was followed by a fireside chat featuring the Chairman of Dangote Group, Aliko Dangote, and moderated by Prof. Olawale Ajai of LBS, which explored the theme: “Challenges and Opportunities for Making Nigeria the Leading Manufacturing and Services Hub in Africa.”
 
Discussions focused on structural drivers of industrial growth, including backward integration, local production, and leveraging the African Continental Free Trade Area (AfCFTA).
 
Participants engaged in a dynamic Q&A session addressing supply chain resilience, private-sector-led growth, and the role of innovation in strengthening Nigeria’s competitiveness. The dialogue underscored the urgency of aligning policy and investment to unlock industrial potential and position Nigeria as a regional powerhouse.
 
The event was supported by First Bank of Nigeria, Optimus Bank, Cowry Asset Management Limited, and Afrinvest Limited, partners committed to advancing executive education and fostering a robust business environment in Africa.

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