Value of Nigeria’s manufacturing output grow by US$12bn in 2019, statistics from NBS have shown

NIGERIA – The value of Nigeria’s manufacturing output rose by US$11.89bn (N4.33tn) to reach US$46.07bn (N16.78tn) in 2019, a report by the National Bureau of Statistics (NBS) has shown. An analysis of the Gross Domestic Product report from the NBS showed that the 2019 output represented an increase of 34.78 per cent when compared to the 2018 output of US$34.18bn (N12.45tn). According to the report, 12 out of 13 of the country’s manufacturing sub sectors recorded an increase in economic performance between 2018 and 2019, while one sub sector recorded…

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