From Allafrica · · 1m 30s
Nigeria Targets $1 Trillion Economy with 30% Value Addition
Nigeria aims to hit $1 trillion economy by 2030 through 30% raw material value addition before export.
In brief
Nigeria aims to hit $1 trillion economy by 2030 through 30% raw material value addition before export. Nigeria plans to achieve $1 trillion economy by 2030 if it adds 30% value to raw materials before export. Originally reported by Allafrica.
Government Targets $1 Trillion Economy
Nigeria's economy could reach $1 trillion by 2030 if it achieves 30 percent value addition to all raw materials before export.
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Dr Kingsley Tochukwu Udeh stated Africa holds 30 percent of global critical mineral reserves valued at US8.6 trillion remaining undeveloped.
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The amended bill for compulsory value addition to all raw materials before export is back to the President for assent.
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John Owan Enoh said the bill will require 30 percent value addition to raw materials before export to transform Nigeria's industrial landscape.
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Industrial Policy 2025
The Nigeria Industrial Policy 2025 targets national competitiveness, job expansion, and local sourcing with resource controls.
Here's the gist
Nigeria plans to achieve $1 trillion economy by 2030 if it adds 30% value to raw materials before export.
