Industrial Production in Nigeria increased 1.60 percent in the fourth quarter of 2020 over the same quarter in the previous year. source: Central Bank of Nigeria

Industrial Production in Nigeria averaged 1 percent from 2007 until 2020, reaching an all time high of 25.10 percent in the fourth quarter of 2019 and a record low of -20.40 percent in the first quarter of 2016. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Industrial Production - values, historical data and charts - was last updated on October of 2021.

Industrial Production in Nigeria is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Industrial Production is projected to trend around 3.00 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Nigeria Industrial Production


Nigeria Last Unit Reference Previous Highest Lowest
Business Confidence -15.20 points Dec/20 -1.50 41.10 -66.20
Industrial Production 1.60 percent Dec/20 -10.30 25.10 -20.40
Manufacturing Production -1.30 percent Dec/20 -10.30 24.60 -10.30
Manufacturing PMI 46.90 points Aug/21 46.60 61.10 41.10
Services PMI 46.90 points Aug/21 44.80 62.30 25.30
Capacity Utilization 45.40 percent Dec/20 43.80 60.50 40.10
Mining Production 9.20 percent Dec/20 -17.30 48.20 -34.10
Leading Economic Index 45.90 percent Mar/16 45.50 53.00 45.50


Nigeria Industrial Production
In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.