The local food manufacturing industry used to be a major contributor to Nigeria’s economy from 1960 to 1969.
PricewaterhouseCoopers reports that the sector brought in an average of 57 percent of Gross domestic product (GDP) and generated 64.5 per cent of export earnings.
This continued until the discovery of crude oil. Then the economic recession following the global fall in oil prices in the early 1980s happened and the focus returned to the food manufacturing sector. Read More.