Sector
Manufacturing
Cement, building materials, packaging, paints, chemicals and light manufacturing — the largest NGX market-cap bucket.
6 sub-sectorsNeutralRisk: Moderate
Market size
₦78.0T
YoY growth
+7.4%
Forecast (12m)
+8.6%
EBITDA margin
22.4%
Sentiment score
+8
Risk score
46/100
Sector summary
Cement, building materials, packaging, paints, chemicals and light manufacturing — the largest NGX market-cap bucket.
Key drivers
- ●Infrastructure capex
- ●Backward integration
- ●Import substitution policy
Top risks
- ●Energy cost volatility
- ●FX for inputs
- ●Demand elasticity