Nigeria, July 22 -- Nigeria's manufacturing sector's contribution to real Gross Domestic Product (GDP) in the first quarter of the year shrank to 9.62 per cent from 9.76 per cent a year ago, according to the country's latest GDP report issued by the statistics office on Monday.

Nevertheless, the figure was an improvement over that of the fourth quarter of 2024, which stood at 7.6 per cent.

The 2 per cent quarter-on-quarter increase in manufacturing's contribution to GDP was achieved in a period during which the exchange rate recorded a reasonable stability, providing the sector, which is heavily dependent on imports, with some measure of relief from the fx volatility pressures that hampered operations in the second half of 2023 and the ...