FG Targets 25% Industry Contribution to GDP by 2035

By Diafa Doubra,

The Federal Government has unveiled an ambitious plan to boost Nigeria’s industrial sector so it contributes 25 percent to the nation’s Gross Domestic Product (GDP) by the year 2035.

According to officials, the strategy will focus on expanding manufacturing, strengthening local production, and reducing over-dependence on imports. The move comes as Nigeria struggles with economic diversification despite being Africa’s largest economy.

Government sources explained that the plan will involve creating industrial clusters, supporting small and medium enterprises, encouraging private sector investments, and improving access to stable power supply. They added that reforms are already underway to tackle challenges such as infrastructure gaps, policy inconsistencies, and high operating costs.

Economists, however, caution that achieving the 25 percent target will require consistent policy execution, transparency, and close collaboration between government and private stakeholders.

If successful, the initiative could boost job creation, attract foreign investments, and position Nigeria as a key industrial hub in Africa over the next decade.