Heavy rains and uncertainties in Nigeria’s political landscape in 2018 were not enough threats to improved profitability for Dangote Cement, a leading cement manufacturing group in Africa, as consumption in the country boosted its revenue to about N901billion. The sterling performance ostensibly accounted for 0.5 per cent of Nigeria’s GDP in the review year. Bamidele Famoofo reports
Manufacturing Sector
The manufacturing sector of the economy was one out of four major sectors in the non-oil sector that helped Nigeria’s Gross Domestic Product (GDP) grow by 2.38 percent in real terms (year-on-year) in the fourth quarter of 2018, according to figures from the Nigeria Bureau of Statistics (NBS).
The statistics bureau noted that nominal GDP growth for the manufacturing sector was recorded at 33.57 per cent, which is 24.37 percentage points higher than the rate recorded in the corresponding period of…
