Nigeria lowest in Industrial GDP in Africa -AFDB

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  • South Africa 44.8%, Nigeria 13.1%

By Franklin Ocheneyi

 “South Africa is the highest in Industrial Gross Domestic Product (GDP) in Africa with 44.8 percent.  Egypt is second with 30.1 percent, followed by Cote d’Ivoire 29 percent; Kenya 23.3percent and Ghana 21 percent.  Others are Ethiopia 21 percent, Cameroon 17.9 percent and Nigeria 13.1 percent.”

This data was obtained from the African Development Bank, afdb.

In its Industrialise Africa, the bank profiled the top 8 countries on the continent and the contribution of industrial GDP to their economies, noting that industrial GDP is low across the continent.

Dr. Akinwunmi Adesina, President afdb said the bank has put some measures in place to help boost the continent’s industrial GDP by 13 percent in 2025 and drive overall GDP from $2.3 trillion to $5.6 trillion.

Dr. Akinwunmi Adesina, President, AFDB

“To industrialise Africa, the afdb is committed to mobilising capital, de-risking investments for the private sector, and leveraging capital markets.

This is essential for moving Africa’s Industrial agenda forward and for building an Africa of the twenty-first century must be well positioned to take its place in global value chains.

“The bottom line is that we need to produce more and we need to produce better. Most of all, we need to add value to our resources and raw materials, and turn them into processed products,” he said.

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