diff --git a/nfd/Makefile b/nfd/Makefile
index ebf384f..e9a053b 100644
--- a/nfd/Makefile
+++ b/nfd/Makefile
@@ -2,15 +2,15 @@
 GIT_URL=https://github.com/named-data/NFD.git
 
 # Tag name or commit hash for checkout
-GIT_VERSION=NFD-0.3.4
+GIT_VERSION=NFD-0.4.0
 
 # Package name
 NAME=nfd
 
 # Package version
-VERSION=0.3.4
+VERSION=0.4.0
 
 # PPA version
-PPA_VERSION=1
+PPA_VERSION=2
 
 include ../packaging.mk