Nigeria Taps Manufacturing to Revitalize Economy Amidst Non-Stop Economic Challenges.

Nigeria's economy faces severe challenges due to high inflation rates, with the current rate standing at approximately 33.88% as of October 2024. The country is exploring ways to revitalize its economy through manufacturing-driven non-oil exports.

Nigeria's economy continues to grapple with severe challenges, with the current inflation rate standing at approximately 33.88% as of October 2024, a result of persistent economic strain. In an effort to revitalize its economy through sustainable growth, Nigeria is focusing on manufacturing-driven non-oil exports, which are seen as key drivers of diversification and industrialization. The move aims to shift the country's reliance on oil exports, which have historically dominated its economy, and instead tap into other sectors that offer greater long-term stability and revenue streams. By pursuing this strategy, Nigeria seeks to create new opportunities for economic growth and development.