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Manufacturing, Added Value (USD) fell 54.6% to USD 25.4 bil in Nigeria in 2024

Manufacturing, Added Value (USD) (USD bil), 2024
Economy | Nigeria | September 1, 2025
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Added value in manufacturing fell 54.6% to USD 25.4 bil in Nigeria in 2024, according to the National Statistical Office.

Historically, added value in manufacturing in Nigeria reached an all time high of USD 64.9 bil in 2022 and an all time low of USD 8.08 bil in 1989.

Nigeria has been ranked 45th within the group of 122 countries we follow in terms of added value in manufacturing, 13 places below the position seen 10 years ago.

Manufacturing, Added Value (USD) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Algeria USD bil 13.8 12.4 10.4 15.3 23.0 ...
Benin USD bil 1.31 1.42 1.52 1.68 1.71
Burkina Faso USD bil 1.67 1.67 1.78 1.93 2.06
Cameroon USD bil 5.47 5.09 5.37 5.99 5.93
Central African Republic USD bil 0.403 0.395 0.412 0.471 0.437 ...
Chad USD bil 0.323 0.323 0.342 ... ... ... ...
Gabon USD bil 3.19 3.17 2.85 4.21 4.16
Libya USD bil 2.15 2.02 ... ... ... ... ...
Mali USD bil 1.71 1.53 1.46 1.80 1.60
Niger USD bil 0.948 0.947 1.02 1.14 1.08 ... ...
Nigeria USD bil 40.7 54.7 54.7 64.4 64.9
Sudan USD bil ... ... ... ... ... ... ... ... ... ...
Togo USD bil 0.932 0.883 0.959 1.05 1.03 ...