Pricey credit stalls factory investments

    Wasiu Alli | Editor’s picks | Oct 07, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
2901
times

Nigeria’s manufacturing sector is making renewed efforts to attract both local and foreign investors, but high borrowing costs, weak infrastructure and policy inconsistencies are undermining the drive.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Economy
Nigeria becomes Africa's banking outlier as earnings contract in 2025
Nigeria's banking sector, once the continent's standout profit story, is losing momentum.
Bunmi Bailey | Jun 12, 2026
Economy
South African Kirsh dethrones Rabiu as Africa's fastest-growing billionaire in 2026
...tycoon's wealth jumps 46% after landmark $29bn deal
Bunmi Bailey | Jun 09, 2026
Economy
Nigeria’s minimum wage has been overtaken by a N700,000 survival cost
By the third week of every month, Ibrahim Olarinrin’s salary is gone. The 38-year-old Lagos resident earns N300,000 a month working for a professional services firm in accounting and finance. Yet feeding his wife and two children now costs about N360,000
Oluwatobi Ojabello | Jun 09, 2026
Economy
Nigerian banking elites shift wealth to London property market
Nigeria’s corporate elite and leading bankers are quietly accelerating their investments in London real estate, underscoring a widening disconnect between the country’s harsh economic realities and the offshore wealth strategies of its richest citizens.
Bunmi Bailey | Jun 09, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad