# 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.
- Title: Nigeria Targets $1 Trillion Economy with 30% Value Addition
- Summary: 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…
- Keywords: nigeria, afcta, value addition, raw materials, industrial policy, minerals, cocoa, cashew, palm oil, cassava, seahawks, news
- Source: Allafrica — https://allafrica.com/stories/202610200225.html
- Published: 2026-10-20T05:53:48+00:00
- Read time: 1 min
- Topics: nigeria, afcta, value addition, raw materials, industrial policy, minerals, cocoa, cashew, palm oil, cassava, seahawks, news
## 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.
## Minister Udeh on African Resources
Dr Kingsley Tochukwu Udeh stated Africa holds 30 percent of global critical mineral reserves valued at US8.6 trillion remaining undeveloped.
## AfCFTA Benefits
The AfCFTA creates a single market of 1.3 billion people and US571 billion in income gains with 18 million jobs by 2035.
## Value Addition Bill
The amended bill for compulsory value addition to all raw materials before export is back to the President for assent.
## Industry Minister Enoh on Transformation
John Owan Enoh said the bill will require 30 percent value addition to raw materials before export to transform Nigeria's industrial landscape.
## Sudanese Minister on Priorities
Dr Noureldaim Taha highlighted strengthening responsible mining, refining, and transparent geological data for Africa.
## RMRDC Director on Local Processing
Nigeria exported billions in raw cocoa, cashew, and sesame seeds in 2025, leaving wealth on foreign tables.
## Industrial Policy 2025
The Nigeria Industrial Policy 2025 targets national competitiveness, job expansion, and local sourcing with resource controls.
## Key takeaway

Nigeria plans to achieve $1 trillion economy by 2030 if it adds 30% value to raw materials before export.