FG Sets Ambitious Goal: Manufacturing to Contribute 25% to Nigeria’s GDP by 2035
The federal government has unveiled a bold plan to significantly expand Nigeria’s manufacturing sector, targeting a contribution of 25 per cent to the country’s Gross Domestic Product (GDP) by 2035. Currently, manufacturing accounts for just 8.2 per cent of Nigeria’s GDP, but the government aims to raise this to 15 per cent by 2030 and ultimately reach the 25 per cent milestone within the next decade.
This ambitious target is anchored in the recently launched Nigeria Industrial Policy (NIP), unveiled by the Federal Ministry of Industry, Trade and Investment (FMITI) in February 2026. The policy aims to drive economic growth, reduce the nation’s dependence on oil exports, and promote sustainable development while contributing to Nigeria’s vision of becoming a $1 trillion economy by 2030.
The NIP focuses on accelerating industrial transformation by leveraging Nigeria’s abundant natural and human resources. According to FMITI, the policy is designed to promote inclusive and competitive manufacturing, deepen economic diversification, and generate mass employment through innovation, infrastructure development, strategic investment, and export expansion.
The government identified four key sectors as the backbone of its industrial strategy: metals and solid minerals, oil and gas, construction, and manufacturing. Each sector contains multiple sub-sectors that offer high potential for industrial growth, large-scale employment, local value addition, and export expansion.
Senator John Owan Enoh, Minister of State for FMITI, described the NIP as “a comprehensive framework that reaffirms our national resolve to diversify the economy, create inclusive prosperity, and secure Nigeria’s rightful place as a leading industrial hub in Africa and the wider global economy.” The government emphasized that these sectors were prioritized due to their comparative advantages and their potential to transform Nigeria into a global industrial leader.
source: This day