Lagos and Ogun account for most industrial investment recorded in Nigeria
Lagos and Ogun states attracted N1.74tn in industrial investments between 2024 and 2025, according to data from the Manufacturers Association of Nigeria. The combined figure represented 87 per cent of Nigeria’s total, while other states collectively attracted N252bn during the period.
Lagos and Ogun states attracted N1.74tn in industrial investments between 2024 and 2025, data from the Manufacturers Association of Nigeria shows. The combined investment figure represented 87 per cent of Nigeria’s total industrial investments recorded during the period, according to the supplied report. The data places the two neighbouring states well ahead of other states in attracting industrial capital.
Other states collectively attracted N252bn in industrial investments over the same period. The source material does not provide a state-by-state breakdown for that figure or identify the specific industries involved. It also does not state whether the investments were measured by announced projects, committed funds or completed spending.
No details are provided on the number of projects, the investors, employment implications or the reasons Lagos and Ogun recorded the larger share. The figures were attributed to the Manufacturers Association of Nigeria, which represents manufacturers and provides data on developments affecting the sector. The supplied material contains no reaction from the association, the state governments or the Federal Government.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.