The Federal Government has warned that Nigeria's heavy dependence on social media is distorting public understanding of its economic realities and slowing growth.
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, raised the concern in Abuja while hosting a delegation from the United Nations Industrial Development Organisation (UNIDO).
He noted that constant comparisons with advanced economies on social platforms create unrealistic expectations, masking the country's unique development journey.
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Bagudu urged stakeholders to actively shape the upcoming National Development Plan (2026–2030), emphasising that industrialisation will drive job creation, SME expansion, and global competitiveness.
He highlighted global trade barriers and rising protectionism as major obstacles to Africa's industrial growth and called on UNIDO to support Nigeria in developing creative strategies for inclusive industrialisation.
UNIDO's Regional Director, Philbert Johnson, reaffirmed the organisation's commitment to supporting Nigeria through renewable energy projects, circular economy initiatives, and small-scale industrial ventures, stressing the need to fast-track the Programme for Country Partnership (PCP) to unlock new opportunities for SMEs.
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