Major Industries in Nigeria<\/strong><\/h2>\n![\"major](\"https:\/\/nigerianfinder.com\/wp-content\/uploads\/2018\/07\/major-industries-in-nigeria.png\")
<\/p>\n
Overall, there are several major industries in the country that have been responsible for driving the economy forward.<\/p>\n
In this post, we take a look at a brief profile of the top 10 industries in the country in no particular order.<\/p>\n
Banking <\/strong><\/h3>\nBanking can be traced to the colonial era when banks where established by Colonial masters to serve the needs of the Colonial Government at that time.<\/p>\n
Shortly before the country gained independent in July 1959, the Central Bank of Nigeria began operations in the country.<\/p>\n
Generally, the banking industry in Nigeria is responsible for holding the financial assets of individuals and businesses. The banks are also involved in investing these assets to generate more revenue.<\/p>\n
Although, the banking industry isn\u2019t exactly responsible for the economic development of the country, it plays an effective and important role.<\/p>\n
The industry is particularly known for facilitating financial transaction which helps to promote international and local trade.<\/p>\n
Agriculture <\/strong><\/h3>\nOnce upon a time, agriculture in Nigeria was so vibrant that the revenue from this industry was used to sponsor free education.<\/p>\n
Between the 1950s and 1970s, cocoa was a major foreign exchange earner for the country and the profit from cocoa was used to fund free education in Western Nigeria. Unfortunately, the focus on crude oil led to the gross under-utilization of the agro-industry.<\/p>\n
Nonetheless, agriculture is still quite dominant particularly in the rural parts of Nigeria where 60% of the population is involved in the industry.<\/p>\n
Different parts of the country are involved in different aspects of the agro-industry. For instance, the North East is involved in cultivating cotton, onion, tomato, sorghum, rice and cassava. This region is also involved in fisheries and livestock farming<\/p>\n
On the other hand, the South is involved in oil palm, cocoa, rice, cassava and livestock farming as well as fisheries.<\/p>\n
Real Estate\/Construction<\/strong><\/h3>\nThe construction industry is certainly one of the major industries in the country with the likes of Julius Berger, CAT and Lafarge playing important roles.<\/p>\n
Consumer Goods<\/strong><\/h3>\nConsumer Goods is another major industry in the country. Consumer products include beauty products, plates, dishes, light bulbs, batteries; tobacco, beverages, medicines and many more.<\/p>\n
The industry is also involved in the manufacture of these personal use products and food products.<\/p>\n
Healthcare<\/strong><\/h3>\n
<\/p>\nBanking can be traced to the colonial era when banks where established by Colonial masters to serve the needs of the Colonial Government at that time.<\/p>\n
Shortly before the country gained independent in July 1959, the Central Bank of Nigeria began operations in the country.<\/p>\n
Generally, the banking industry in Nigeria is responsible for holding the financial assets of individuals and businesses. The banks are also involved in investing these assets to generate more revenue.<\/p>\n
Although, the banking industry isn\u2019t exactly responsible for the economic development of the country, it plays an effective and important role.<\/p>\n
The industry is particularly known for facilitating financial transaction which helps to promote international and local trade.<\/p>\n
Agriculture <\/strong><\/h3>\nOnce upon a time, agriculture in Nigeria was so vibrant that the revenue from this industry was used to sponsor free education.<\/p>\n
Between the 1950s and 1970s, cocoa was a major foreign exchange earner for the country and the profit from cocoa was used to fund free education in Western Nigeria. Unfortunately, the focus on crude oil led to the gross under-utilization of the agro-industry.<\/p>\n
Nonetheless, agriculture is still quite dominant particularly in the rural parts of Nigeria where 60% of the population is involved in the industry.<\/p>\n
Different parts of the country are involved in different aspects of the agro-industry. For instance, the North East is involved in cultivating cotton, onion, tomato, sorghum, rice and cassava. This region is also involved in fisheries and livestock farming<\/p>\n
On the other hand, the South is involved in oil palm, cocoa, rice, cassava and livestock farming as well as fisheries.<\/p>\n
Real Estate\/Construction<\/strong><\/h3>\nThe construction industry is certainly one of the major industries in the country with the likes of Julius Berger, CAT and Lafarge playing important roles.<\/p>\n
Consumer Goods<\/strong><\/h3>\nConsumer Goods is another major industry in the country. Consumer products include beauty products, plates, dishes, light bulbs, batteries; tobacco, beverages, medicines and many more.<\/p>\n
The industry is also involved in the manufacture of these personal use products and food products.<\/p>\n
Healthcare<\/strong><\/h3>\n
The construction industry is certainly one of the major industries in the country with the likes of Julius Berger, CAT and Lafarge playing important roles.<\/p>\n