FG targets $1trn economy with 30% raw material value addition
The Nigerian Federal Government aims for a $1 trillion economy by 2030 by achieving 30 percent value addition to all raw materials before export. Ministers and officials at the 2nd African Raw Materials Summit highlighted Africa's untapped mineral and agricultural resources, the potential of AfCFTA, and the need for a new law to mandate local processing to create jobs, retain value, and boost manufacturing instead of exporting raw materials.
Pidgin: Federal Government of Naija dey target say economy go reach $1 trillion by 2030 if dem fit add 30 percent value to all raw materials before dem export am. Ministers and oda officials for di 2nd African Raw Materials Summit talk about Africa plenty mineral and farm resources wey dem never use, di power wey AfCFTA get, and why dem need new law to force local processing so dat e go create jobs, keep value inside, and grow manufacturing instead of just dey export raw materials.
How this affects you: Nigeria's industrial landscape, local manufacturing capacity, women-led rural processing hubs, and roughly 1.7 million direct and indirect jobs are affected by pursuing 30% raw material value addition, AfCFTA utilization, industrial policy, and related funding.
Join the debate
No comments yet. Be the first.
Debate with other Nigerians: WhatsApp channel · @ST_Office2027 on X