Reloaded News Desk
Nigerian manufacturers recorded N4.54 trillion in investments in 2025, but goods worth N2.12 trillion remained unsold as weaker consumer purchasing power continued to weigh on demand.
Data from the Manufacturers Association of Nigeria showed that manufacturers’ investments increased significantly from N2.85 trillion recorded in 2024.
Investment in plants and machinery accounted for N2.47 trillion of the 2025 figure.
The food, beverage and tobacco sector recorded the largest investment at N1.30 trillion, followed by non-metallic mineral products with N960.44 billion.
Despite the increase in capital committed to production, the accumulation of unsold goods points to a widening gap between production capacity and what consumers can afford to buy.
The situation presents a difficult balance for manufacturers. Companies are investing in factories, machinery and production capacity while households and businesses are facing pressure on disposable income.
For manufacturers, unsold inventories tie down capital, increase storage costs and can affect future production decisions.
The latest figures therefore provide another indication that stronger production alone will not automatically translate into stronger economic activity if purchasing power remains weak.
