Manufacturers’ investment hits N1.33tn in 2025 — TMV
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Manufacturers’ investment hits N1.33tn in 2025 — TMV
By Alabidun Shuaib AbdulRahman
The Tinubu Media Volunteers, TMV have attributed the reported increase in manufacturers’ investments to N1.33tn in 2025 to the economic reforms introduced by President Bola Tinubu’s administration.
The group said the development reflected increased investment in local production, backward integration and efforts by manufacturers to reduce dependence on imported raw materials.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, TMV said manufacturers’ investments rose by 102.16 per cent from N658.81bn in 2024 to N1.33tn in 2025.
The group attributed the figures to data it said was announced by the Manufacturers Association of Nigeria, noting that manufacturers had increasingly turned to locally sourced inputs to reduce their exposure to foreign exchange volatility.
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According to TMV, the shift towards domestic sourcing is helping businesses strengthen local supply chains, improve operational efficiency and expand production capacity amid rising production and distribution costs.
The group said, “We also acknowledge that the surge in investments is traceable to aggressive backward integration and expansion of local production capacity by the manufacturers.”
It added that manufacturers’ efforts to reduce reliance on foreign inputs were consistent with the government’s stated objectives of promoting local industries, increasing domestic production and boosting exports.
TMV also endorsed MAN’s call for policy measures to strengthen backward integration, expand local sourcing and ensure that government procurement policies provide greater support for Nigerian industries.
The group described the reported investment growth as evidence that the administration’s economic policies were beginning to produce results, while commending Tinubu for introducing the reforms.
It said the policies were designed to encourage domestic production, reduce dependence on imports and strengthen the manufacturing sector’s contribution to economic growth.
However, the reported increase in investment does not, on its own, establish the overall performance of the manufacturing sector, as production costs, access to credit, energy supply, employment and capacity utilisation also affect industrial growth.
The group maintained that sustained implementation of policies supporting local production would help strengthen the sector and improve its contribution to Nigeria’s economy.
