Nigeria’s Auto Industry Stuck at 0.04% GDP Share Despite Lofty Revival Targets
Lagos, Nigeria — August 10, 2025 Nigeria’s automotive sector currently accounts for just 0.04% of the nation’s Gross Domestic Product (GDP), according to data from the Nigerian Automotive Industry Development Plan and government statements. This is a steep contrast to its more vibrant period in the 1960s and 1970s, when strong government backing and active