Top 10 Nigerian industries and their products
Nigeria is a vast and growing country with a booming industry. But what do you know about Nigerian industries? Can you name the major industries in Nigeria? If not, then our article will help you fill the gap in your knowledge. Take a look at the list of industries in Nigeria and what they produce. Find out more about Nigerian main industries here.
List of industries in Nigeria: top 10
In the past few decades, Nigeria has grown and blossomed as a country. Of course, there have been complications along the way, but it still has one of the most progressive economies in West Africa. One of the reasons for that is the sheer amount of Nigerian industries.
If we were to list all of them, you would have to spend hours reading this article. So instead, we decided to focus on some of Nigeria major industries and make a top ten list out of them.
Let’s get to it!
Nigerian soil is very fertile, and its agriculture industry is capable of feeding several countries. Agriculture in Nigeria consists of various units responsible for the agriculture in general, as well as fishing and hunting.
This industrial sector has several subsectors, which include crop production, livestock and one unit that covers hunting, fishing and trapping. Agriculture produces crops, domestic animals and their products, as well as fish and game.
This sector covers everything that concerns real estate, from site preparation and construction to property management. The products of this industry are all sorts of buildings and non-building structures for sale, as well as engineering services, real estate services, construction and reparations of roads, bridges or parking lots.
In this industrial sector the companies are responsible for manufacturing final goods (personal use products). This includes manufacturers of cars and car parts, beverages (both alcoholic and non-alcoholic), personal electronics, foods, tobacco, household products and durables, textiles and clothes, as well as toys and games.
The main feature of this sector is that it produces goods that are not meant to be used to produce other goods. These goods are meant to go straight to the consumer.
Companies in this sector are aimed at providing all sorts of healthcare services, including actual healthcare (preventive, diagnostic, therapeutic and remedial measures, insurance), medicine, medical equipment and supplies.
In addition to all that, companies that work in the field of research and marketing of medicine and biotechnology also belong to this sector.
This sector is actually the one that holds most of the other industries together, as it provides them with the necessary materials, tools and electronics. The main products of this industry are capital goods, such as machinery, electrical equipment, engineering, building products and even defence and aerospace. Industrial goods manufacturers provide their products for other industries, as well as to consumers directly.
ICT (Information and communications technology)
ICT is responsible for providing everyone with electronics, software, Internet and telecommunication services. Companies of this sector are very diverse, as both major mobile carriers and small Internet cafes belong to it.
ICT provides its services and goods both to other industries and to consumers directly. Everything electronic you can think of, from mobile phones and TV to fax machines comes from this sector, as well as the services that provide connectivity.
Companies of this sector deal with natural resources (excluding those that can be turned into fuel). Some companies of the natural resources industry obtain the resources, while others work on processing and refining said resources.
Subsectors of this industry include chemicals, forest products/paper, metals and stones (including precious ones) and mining services. Each of these subsectors deal with their own raw materials and produce various products that are later sold to other industries or to consumers.
Oil and gas
As one of the most prominent industries in Nigeria, this sector deals with all sorts of things that concern coal, petroleum, gas and oil. This means that the companies deal with extraction, refinement, distribution and marketing of the oil and gas products and by-products. At the same time, companies that provide drilling equipment and construction services also belong to this sector.
This industry is all about services. There are too many of them to list, but just so that you have the idea, some of them include retail, transportation, delivery, advertisement, entertainment, hospitality, tourism, waste management and other services. Companies of this sector provide services to individuals, businesses, government organisations and other industries.
And last, but not least, is the sector that makes us feel comfortable in our own homes and workplaces. Companies in the utilities industry provide citizens and other companies with electricity, water and steam. They manage the supply of these goods and control the quality of the provided services.
And that is it for our list of industries in Nigeria. They all are important for country development. Was it interesting? Have you learned anything new? We would love to get your feedback.