Top 5 best-performing sectors in Nigeria outside of oil

This development was principally driven by the manufacturing sector, which increased by 1.3% to reach 15.1%, and the technology and communication industry, which increased by a strong 3.4% to reach 14% from 10.6%. Another factor was construction, which increased by 1.4% from 9.4% to 10.7%.

Nigeria’s leading industries contributed N75.22 trillion, or 72.8% of all non-oil sector input, in the first half of 2023. This is a 1.6% increase over 2022 year-end estimates of 71.2%.

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