After several years of shutdowns and stalled investments, manufacturers are finally revving up their factory engines again on the back of renewed investor confidence.

Investor confidence is gradually returning to Africa’s most populous nation after a raft of monetary and fiscal policies targeted at transforming the nation into a market-led economy. The foreign exchange market liberalisation in 2023 has seen the naira stabilise since late last year, with rates reflecting market dynamics.

As a result, portfolio investors bet $8.05 billion i

After several years of shutdowns and stalled investments, manufacturers are finally revving up their factory engines again on the back of renewed investor confidence.

Investor confidence is gradually returning to Africa’s most populous nation after a raft of monetary and fiscal policies targeted at transforming the nation into a market-led economy. The foreign exchange market liberalisation in 2023 has seen the naira stabilise since late last year, with rates reflecting market dynamics.

As a result, portfolio investors bet $8.05 billion i