Nigeria’s federal government has unveiled a bold industrial roadmap aiming to more than double the sector’s share of national output, increasing industry’s contribution from about 10% today to 25% of GDP by 2035.
Senator John Owan, Minister of State for Industry, presented the plan at the Gastech Exhibition and Conference in Milan, calling it “a defining milestone of President Bola Tinubu’s administration.”
The new framework signals Nigeria’s planned shift from a resource-dependent economy to a competitive, innovation-driven industrial hub.
“This is the first time in decades that Nigeria has adopted a comprehensive industrial framework,” Owan told conference attendees, noting that the roadmap is expected to “reshape the country’s growth trajectory.”
He pointed to recent reforms under President Tinubu—such as the removal of fuel subsidy and exchange rate unification—as having stabilised the economy and created more favourable conditions for investment.
“With reforms in motion and new frameworks validated, the next decade will be defined by industrial expansion, energy optimisation, and global partnerships,” he added.
The plan includes the recently validated Nigeria Industrial Policy (NIP), designed to drive inclusive growth, create jobs, and improve competitiveness. According to Owan, the NIP’s design benefited from wide consultations involving the Manufacturers Association of Nigeria (MAN), the Organised Private Sector of Nigeria (OPSN), the Nigeria Economic Summit Group (NESG), academia, labour, development partners and MSMEs.
He emphasised that without effective implementation, even the most brilliant policies would not transform a nation.
