The Federal Government has introduced a new industrial roadmap that aims to raise the sector’s contribution to the country’s economy from the current 10 percent to 25 percent by the year 2035.
The plan was presented in Milan at the Gastech Exhibition and Conference by the Minister of State for Industry, Senator John Owan. The initiative is being positioned as part of President Bola Tinubu’s broader economic vision to move Nigeria away from overdependence on natural resources and toward a stronger, innovation-driven industrial base.
The government explained that the roadmap will reshape economic growth by encouraging investment, boosting energy use in industry, and opening doors to global partnerships. Early policy steps such as the removal of fuel subsidies and unification of exchange rates were credited with laying the groundwork for a more stable economy capable of supporting long-term industrial development.
In addition to the roadmap, the administration has approved the Nigeria Industrial Policy (NIP), a framework designed to make industry the main driver of inclusive growth, employment generation, and competitiveness. The policy was developed with input from stakeholders including the Manufacturers Association of Nigeria, the Organised Private Sector, the Nigeria Economic Summit Group, academics, labour representatives, and small and medium enterprises.
Government officials noted that the real challenge will be execution, stressing that a strong plan can only succeed if it is properly implemented. The roadmap, they said, is expected to transform the sector into a key engine of sustainable growth and a source of national pride over the next decade.