LOCAL PAINT MANUFACTURERS TARGET LARGER SHARE OF NIGERIA’S $2.6 BILLION MARKET

Local paint manufacturers are seeking to expand their presence in Nigeria’s $2.6 billion paint market, as they push to increase domestic production and compete more effectively with imported products.

Industry players said growing local manufacturing capacity, improving product quality, and investing in innovation will be key to capturing a larger share of the market.

Manufacturers also called for policies that support local production, including improved access to raw materials, stable energy supply, and measures to reduce the cost of doing business.

Industry experts noted that strengthening indigenous paint manufacturing could reduce import dependence, create jobs, and stimulate growth across Nigeria’s construction and manufacturing sectors.

They added that rising demand from the housing, infrastructure, and industrial segments presents significant opportunities for local producers to expand their operations and boost competitiveness.

Stakeholders reaffirmed the need for continued collaboration between government and industry to create an enabling environment that supports local manufacturers, encourages investment, and drives sustainable growth in Nigeria’s paint industry.