CPPE: Nigeria’s Manufacturing Sector Trapped in Low Growth Equilibrium

Nigeria's manufacturing sector has struggled to break free from a low-growth cycle over the past 26 years of democracy, according to the Centre for the Promotion of Democracy (CPPE). This stagnation is seen as a major issue because it hinders economic diversification and job creation, which are crucial for reducing reliance on oil exports and fostering sustainable growth. The situation underscores the need for comprehensive reforms to boost local production and attract foreign investment, highlighting broader challenges in the nation's economic policies.