Get Guardian on Google…Ojuwale unveils plans for industrial clusters across six geopolitical zones, 12% manufacturing contribution to GDP
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has disclosed that the Federal Government is targeting at least $15 billion in annual non-oil exports, one million export-linked jobs by 2031 and the establishment of an anchor industrial cluster in each of Nigeria’s six geopolitical zones.
Oduwole, who spoke on Tuesday during the presentation of President Bola Tinubu’s new policy manifesto covering the 2027–2031 period, said the administration also intended to raise manufacturing’s contribution to the Gross Domestic Product (GDP) to at least 12 per cent.
She explained that the targets formed part of the government’s economic strategy to expand industrial production, strengthen exports and create quality employment opportunities across the country.
The minister said the administration’s ongoing interventions had begun to benefit different categories of Nigerians, including electricity consumers, farmers, first-time borrowers and railway commuters.
According to her, estimated electricity billing has declined under the administration, while farmers have received direct agricultural inputs to support their production activities.
She disclosed that more than 350,000 first-time borrowers had gained access to structured credit for the first time, with women accounting for 59 per cent of the beneficiaries.
Oduwole also identified increased railway patronage across the country as another development recorded under the administration.
On the government’s future commitments, she said the target of creating one million export-linked jobs by 2030 could be exceeded.
She explained that the economic blueprint would be implemented through four pillars and eight priorities, developed in response to concerns and expectations expressed by Nigerians.
According to her, the overarching objective was to build an economy that generates quality jobs and creates opportunities for Nigerians across the country.
The minister said the manifesto reflected the administration’s vision of building a nation where citizens could enjoy peace, prosperity and equal opportunities.
President Tinubu formally launched the manifesto last Thursday as part of efforts to outline his administration’s policy direction and commitments for the 2027–2031 period.
