Manufacturing GDP rises 3.3% to N4.13trn amid renewed optimism

The manufacturing sector in Nigeria contributed N4.128 trillion to the national GDP in the second quarter of 2026, reflecting a 3.3% year-on-year increase. However, a sharp decline of 15.9% was noted compared to the previous quarter, highlighting ongoing structural pressures. The Manufacturers' CEOs Confidence Index rose to 52.1 points, signaling a return to positive business sentiment, although this improvement is more related to expectations for Q3 than actual conditions in Q2.