Manufacturing, agro-allied industries to power Nigeria’s long-term economic growth under agenda 2050

Manufacturing and agro-allied industries have been identified as the primary drivers of Nigeria’s long-term economic transformation under Agenda 2050, according to the newly released Industrial Policy by the Federal Ministry of Industry, Trade and Investment (FMITI).

The policy outlines a strategic framework to reposition the industrial sector as the engine of sustained growth, economic diversification and job creation, with a strong emphasis on value addition, export expansion and human capital development.

It aligns with Nigeria’s broader ambition of attaining upper-middle-income status by 2050 through successive National Development Plans anchored on macroeconomic stability, private sector participation and infrastructure development.