Nigeria's industrial sector recorded a major boost as manufactured goods exports jumped by 67.2% year-on-year in Q2 2025, reaching ₦803.8 billion, up from ₦480.8 billion in the same period last year. On a quarterly basis, exports rose by a staggering 173% from Q1 2025.
The National Bureau of Statistics report showed that manufactured goods traded in the quarter totaled ₦8.7 trillion, accounting for 22.8% of total trade.
Leading exports included light vessels to the Netherlands and France (₦236.1bn), floating platforms to Equatorial Guinea (₦90.4bn), and aluminum alloys to Japan and India (₦63.3bn).
Exports were strongest to Europe (₦357.7bn), followed by Africa (₦254.1bn) and Asia (₦168.5bn).
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Meanwhile, Nigeria's August Purchasing Managers' Index (PMI) rose to 54.2, its highest since April, marking nine consecutive months of expansion driven by higher output and new orders.
However, rising import bills for raw materials and machinery remain a concern. Imports included telecom machines from China (₦261.1bn), herbicides from China and India (₦150bn), and bus tyres (₦135.9bn). Manufacturers blame high FX exposure—averaging 40%—and a weak naira, which traded at ₦1,600/$ in the period.
Manufacturers Association of Nigeria (MAN) warned that volatile FX and scarce local inputs are inflating production costs, threatening competitiveness.
