Top 8 most valuable industries in Nigeria 2025

Nigeria, Africa’s largest economy by GDP, continues to evolve with shifts in industrial dominance and investment trends.

In 2025, the country’s economic landscape is shaped by several key sectors that not only drive revenue but also significantly impact employment, innovation, and development.
From the ever-dominant banking industry to the resilient food and retail sectors, Nigeria’s industrial ecosystem is diversifying in response to global trends and local demands.

This Daily Watch Nigeria‘s article explores the top 8 most valuable industries in Nigeria in 2025, ranked by their contribution to the market and investment value.

These rankings reveal where capital is flowing, where jobs are growing, and which sectors are setting the pace for Nigeria’s future

1. Banking – 58.6%

Dominating the landscape by a wide margin, Nigeria’s banking industry continues to be the bedrock of the economy in 2025, accounting for over half of the market value.

This sector thrives on increasing digital adoption, expanded financial services, fintech integration, and aggressive regional expansion by key players.

With high levels of capitalization, improved regulatory oversight by the Central Bank of Nigeria, and increasing consumer trust, banks remain the most attractive sector for investors.

2. Engineering – 15.2%

The engineering sector holds strong as the second-most valuable industry, reflecting Nigeria’s ongoing investments in infrastructure, power, housing, and transportation.

From civil and structural engineering firms handling federal contracts to private players in industrial construction and urban planning, the industry plays a crucial role in national development.

Engineering also supports other sectors such as oil, manufacturing, and telecoms, making it a vital economic driver.

3. Food & Agribusiness – 12.3%

Food remains a cornerstone of the Nigerian economy, both as a necessity and a thriving business.

The food industry’s strong showing in 2025 reflects the country’s growing population, urban consumption, and increased demand for processed and packaged foods.

Local food manufacturers, agriculture-tech companies, and FMCG giants are reshaping how Nigerians eat, creating value chains that span from farm to shelf.

4. Beverages (Beer) – 6.5%

The beer segment of Nigeria’s beverage industry holds a valuable position in the economy.

With major brewers such as Nigerian Breweries and Guinness Nigeria driving the sector, beer sales remain robust, despite rising competition from spirits and soft drinks.

The sector benefits from strong brand loyalty, cultural significance, and innovative marketing strategies, especially among the youth demographic.

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5. Oil & Gas – 3.5%

Although traditionally Nigeria’s top revenue-generating sector, the oil and gas industry has seen a relative decline in value share due to global energy transitions and domestic reforms.

Nonetheless, it remains a critical part of Nigeria’s export earnings and infrastructure development.

New investments in gas processing, modular refineries, and energy diversification keep the sector relevant in 2025, even as the nation looks beyond oil.

6. Telecommunications – 2.7%

Nigeria’s telecoms industry continues to thrive, driven by rapid mobile penetration, growing internet usage, and 5G expansion.

With key players like MTN, Airtel, and Glo innovating across digital payments, mobile banking, and broadband infrastructure, the sector contributes significantly to digital inclusion and national connectivity.

However, its share in overall value has slightly declined due to market saturation and regulatory pressures.

7. Spirits – 0.6%

The spirits industry, while smaller in value compared to beer, continues to show resilience. It caters to a niche yet growing market, particularly among premium consumers and nightlife businesses.

Brands like Hennessy, Smirnoff, and local distillers are battling for market share through premiumization and tailored experiences for urban consumers.

8. Retail – 0.5%

Retail in Nigeria is transforming with the rise of e-commerce platforms, shopping malls, and franchise outlets. Though it currently holds a smaller share of the market, its value lies in long-term potential.

Increasing urbanization, a growing middle class, and mobile commerce are fueling innovation in this space. From groceries to fashion, the retail sector is poised for expansion as digital adoption deepens.