The Federal Government has launched a new industrial roadmap aimed at more than doubling the sector’s share of national output over the next decade, projecting a rise from the current 10 per cent contribution to 25 per cent of GDP by 2035.

Minister of State for Industry, Senator John Owan, disclosed the plan at the Gastech Exhibition and Conference in Milan, describing the framework as a defining milestone of President Bola Tinubu’s administration.

According to Owan, the policy signals Nigeria’s transition away from a resource-dependent economy toward a competitive, innovation-led industrial hub.

“This is the first time in decades that Nigeria has adopted a comprehensive industrial framework,” he said, adding that the move is expected to reshape the country’s growth trajectory.

Owan credited President Tinubu’s early reforms, including fuel subsidy removal and exchange rate unification, with stabilizing the economy and creating 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,” Owan stated.

The government has also validated the Nigeria Industrial Policy, aimed at driving inclusive growth, job creation, and national competitiveness. The policy was designed to transform the industrial sector into the true engine of sustainable growth and national pride.

Owan explained that the policy had undergone wide consultations involving the Manufacturers Association of Nigeria, Organised Private Sector of Nigeria, Nigeria Economic Summit Group, academia, labour, development partners, and MSMEs. He emphasized that the success of the policy would depend on effective execution, noting that “policies, however brilliant, do not transform nations without measurable implementation”.