Paper mills collapse: Nigeria loses ₦674bn annually to foreign producers

Nigeria is losing about ₦674 billion annually due to the closure of local paper producers, resulting in the loss of 300,000 jobs. The sector's contribution to GDP remains stagnant at 0.14%, while the paper import bill surged to ₦1.11 trillion in 2025. Local manufacturers meet less than 10% of the national demand, estimated at over three million metric tonnes annually.