FOOD AND BEVERAGE SECTOR ATTRACTS N375BN INVESTMENT

Nigeria’s food, beverage and tobacco industry attracted N375.03bn in fresh investment in 2025, making it the largest recipient of manufacturing investment during the year.

Data from the Manufacturers Association of Nigeria showed that investment in the sector increased by 63.5 per cent from the N229.42bn recorded in 2024.

Major companies that invested in the sector included Flour Mills of Nigeria, BUA Foods, Nestlé Nigeria, Dangote Sugar, Dufil, Cadbury Nigeria, CHI Limited, Unilever Nigeria and Honeywell Flour Mills.

The non-metallic products sector ranked second with N280.12bn, largely driven by investments in cement and glass production. Motor vehicle assembly attracted N170.8bn, while the chemical and pharmaceutical sector received N123.61bn.

Industrial plastics, rubber and foam recorded N123.44bn, while the textile and carpet industry attracted N112.53bn.

Overall, manufacturing investment in Nigeria reached N1.33tn in 2025.

Lagos and Ogun remained the major destinations for manufacturing investment, attracting N1.74tn between 2024 and 2025, representing 87.32 per cent of total investment recorded across the country during the period.

Industry experts attributed the concentration to factors including access to major ports, proximity to large consumer markets and the availability of industrial infrastructure.