The Minister of State for Industry, Trade and Investment, John Owan Enoh, has stressed that Nigeria must grow its GDP from the current 3% to about 8% to realize President Bola Tinubu's vision of a $1 trillion economy by 2030.Speaking in Lagos ahead of… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG targets 8% GDP growth to achieve $1 trillion economy by 2030 By Busola Bamidele on September 1, 2025 The Minister of State for Industry, Trade and Investment, John Owan Enoh, has stressed that Nigeria must grow its GDP from the current 3% to about 8% to realize President Bola Tinubu's vision of a $1 trillion economy by 2030. Speaking in Lagos ahead of the West Africa Industrialisation, Manufacturing and Trade Summit, Enoh said Nigeria's industrial future depends on deliberate policies and execution. He revealed that a new National Industrial Policy will be unveiled this September to tackle challenges such as energy, finance, regulation, and skills gaps. Read also: How to build influence without a fancy title FG targets 8% GDP growth to achieve $1 trillion economy by 2030 FG reaffirms commitment to empowering youth entrepreneurs Ogun dry port to open fresh opportunities for SMEs Lagos trains farmers, agro-preneurs on export opportunities The policy, according to him, will provide a roadmap for MSMEs and manufacturers while addressing raw material dependency. He disclosed that a bill before the National Assembly seeks to mandate at least 30% value addition on raw materials before export. "Government is pushing for industrialisation because no country grows without it. The West achieved prosperity through industry, and Nigeria must do the same," Enoh noted, urging manufacturers to look inward to strengthen West Africa's industrial base.

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