The federal government is initiating a bold new industrial roadmap aimed at more than doubling the sector’s share of national output over the next decade,
This will project a rise from the current 10% contribution to 25% of GDP by 2035.
Minister of State for Industry, Senator John Owan, disclosed the plan during the weekend at the Gastech Exhibition and Conference in Milan,
He described the framework as a defining milestone of President Bola Tinubu’s administration.
According to the minister, the policy signaled the nation’s transition away from a resource-dependent economy toward a competitive, innovation-led industrial hub.
In a related development, Owan said the government has validated the Nigeria Industrial Policy (NIP) aimed at driving economic growth
He explained that the policy had been subjected to wide consultations bit emphasised that the success of the policy would depend on effective execution.
News edited by Favour Owonibi