The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has emphasised that the $1trillion Gross Domestic Product (GDP) target can be achieved by 2030 with the necessary structural reforms and strategic investments in the manufacturing sector.
Director General of the Chamber, Olusola Obadimu, stated this at the 2024 National Conference of the Commerce and Industry Correspondents Association of Nigeria (CICAN) with the theme, “Manufacturing: $1 trillion GDP Target by 2030: Realities and Possibilities,” in Lagos.
Obadimu, who was represented by William Inya, a Research Officer at NACCIMA, said the manufacturing sector, which has the potential to enable Nigeria achieve the target of $1 trillion economy, can boost the economy significantly with improved infrastructure, enhanced access to financing and policies that promote local production.
This is even as former chairman of the Non-Metallic and Mineral Products Sectoral Group/Council Member of the Manufacturers Association of Nigeria (MAN), Afam Mallinson Ukatu, called for more investment in the non-metallic mining sector, noting that if well harnessed, the sector could lift Nigeria out of economic quagmire.
