Nigeria today, the phase of market and economy are increasing at an alarming rate. There exist different types and here is the full list of industries in Nigeria and what they produce or manufacture. Most time it is difficult to phantom which area and to what extent is Nigeria industries. The industry is a special setup where the manufacturing and production of goods and are distributed to the larger society.
Nigeria as one of the biggest countries in Africa is growing like a shoot of yam, all these are as a result of multiple industries in the country. Nigeria over time has been able to sustain the increasing number of citizens and immigrants in terms of every goods and service they will be needed as a result of different industries in a different part of the country and as well contribute to the tola GDP of the country.
Today we will be writing about the types of industry in Nigeria and what they produce.
LIST OF INDUSTRIES IN NIGERIA AND WHAT THEY PRODUCE
In the last few years in Nigeria there has been a drastic flourish in the business and industry ecosystem which has increased the number of Nigerian industries and if we are to start listing all the industry time and space might not permit that but we shall be writing on major industry and what they produced.
- Agriculture Industry
- Real Estate/Construction
- Consumer Goods
- Industrial Goods
- Information And Communications Technology ICT
- Natural Resources
- Oil And Gas
Full Details On The Types Of Industry In Nigeria And What The Do
This is one of the major sectors in Nigeria and one of the most practice in the nation. This industry sees the production of food and raw materials for eating and clothing. Many nations cannot sustain without the agricultural produce from Nigeria. In this industry, there is the extraction of milk, tide, and skins, and all cotton for the production of shoes, belts, milk, and other food supplement you can think of.
Also, in this industry, there are hunting of fish, hunting of meats for human consumption, also it involves growing of certain economic trees for the construction of the building and different house furniture.
When you talk about the construction of the building, road construction and maintenance, estate siting, and industrial building, this industry is responsible for it, it’s growing in a very fast order in Nigeria. They are responsible for the erection of the public building, roads and private also, fields and different parks even shopping malls to provide relief, shelter, and comfort for users.
This is an industry that is responsible for the production of consumable and non-consumable goods that are directly and finally used by consumers. The goods produced in this industry are not convertible, it is meant for consumer usage at it is the final stage. Such goods are beverages, sweets, biscuits, textiles, toys cars pars and cars, shoes, and many other gadgets used by individuals. This industry is at a large and fast-moving stage, many of these industries are located on a monthly basis even as there increase in the number of entrepreneurs who focus on the production of goods for consumers.
This industry in the whole of Africa is taking a good shape and stand, it is one of the fast-growing industries and areas where medical personnel invests their capital. This industry is responsible for diagnostic and remedial treatment for most diseases. Also, this industry manufacture drugs and vaccines for the treatment of mist disease outbreak. Also, in terms of research of invading diseases and infections that need urgent attention and treatment.
Also, in the production of most biotechnology therapy mostly sort after to cure one ailment or the other it is this industry that is directly responsible for it. Even though there are different sectors and units under this industry but all work and function together to bring about healthy living of the people of that environment.
This is the industry that is saddled with the production of raw materials for other industries to make use of. Also, they are into the manufacturing of machines and equipment to be used by other industries in the discharge of their duties. Some of this industry also produce explosive and some aerospace defective apparatus and gadgets. They are also growing well in Nigeria as there is an increase in the numbers of this industry in Nigeria recently.
Information And Communications Technology ICT
This is one of the most fast-growing industries in Nigeria of recent. This industry is totally responsible for the production of every software, information-related hardware, and different gadgets used in the world of ICT. Also, it provides the needed connectivity that is required in sending and receiving information from around the globe. Also, there are various units under the umbrella of information and communication technology but it interests you to know all are working hands in hands to achieve the goal of communication.
This industry is majorly found inshore in Africa but much predominant in Nigeria. These are industries that deal with natural resources in the environment which may include the soil, trees, stones, and resources you can think of excluding the crude oil. They make use of these resources in the production of usage and benefits materials like papers, gold, and all manner of fashion materials. Also, some of the resources here are tapped and used for health purposes so as to proffer solutions to invading or rampant diseases in society.
This is the leading industry in Nigeria which entails the mining and conversion of natural resources like crude oil. They refined these materials are further processed, refined, and converted to other useful resources. Also, all the apparatus needed for the extraction and mining of these materials are produced by these industries.
In this industry, all forms of exchange of goods and services are grouped here. They involve hospitality, music/entertainment, waste management, delivery, and another form of services to individuals. These industries and various subgroups are much in Nigeria today and are growing at a good rate compared to some years back.
These are the industry that dealt with services like electricity, pipe-borne water, and many other social amenities products that are useful to the countrymen.
CONCLUSION ON THE LIST OF INDUSTRIES IN NIGERIA
We have in close shore look at the different industries in Nigeria and what they produce. It will be a good thing to find time to go through all in case you are planning setting up a business in the country.
Tag: Types And List Of Industries In Nigeria