Nigeria Introduces 30% Value Addition Bill to Boost Local Processing and Industrialization

The Federal Government of Nigeria is pushing a bill that mandates a 30% value addition to raw materials before export to reduce the drain on raw materials, increase local processing, and create job opportunities. Nigeria exported raw materials worth N1.87 trillion in the first half of 2025, representing a 159% increase from the previous year.

The bill aims to promote industrialization by processing products like cassava into starch, chips, flour, ethanol, and garri for export, thereby boosting manufacturing, supporting SMEs, reducing import bills, and attracting investors to set up processing plants in Nigeria.