Dangote Group sets 10-yr manufacturing plan for Nigeria’s industrialisation

Dangote Group sets 10-yr manufacturing plan for Nigeria’s industrialisation

President, Dangote Group, Alh. Aliko Dangote, has listed the targets that Nigeria’s manufacturing sector needs to meet to ensure the nation’s industrialisation in the next 10 years.

To promote industrialisation in the country, he said that the manufacturing sector’s contribution to gross domestic product (GDP) should be more than double to 20 percent, up from the current 9 percent, among others, within the next decade. 

Dangote spoke yesterday, in Lagos, at the 2nd Adekola Odutola Lecture organised by the Manufacturers Association of Nigeria (MAN) in commemoration of its 50th Annual General Meeting.

He stated: “Nigeria needs to, henceforth, intensify efforts at promoting industrialization with specific focus on the attainment of the following targets in the next 10 years:

“15% manufacturing sector growth, 20% manufacturing contribution to GDP, 15% growth in export of manufactured products, 10% increase in the share of manufacturing to total export merchandize, stronger inter-industry linkage between SMEs and large corporations, improved manufacturing contribution to government tax revenue and 20% increase in manufacturing employment.”

Dangote noted that industrialisation facilitates the global competitiveness of a nation in the production of processed and manufactured goods by linking industrial activity with primary sector, domestic and foreign trade, and service activities.