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President Bola Tinubu on Tuesday launched the Nigeria Industrial Policy 2025, urging ministries, departments, and agencies (MDAs) to ensure swift implementation.
The policy is designed to re-engineer Nigeria’s industrial base, enhance competitiveness, and create jobs.
Tinubu was represented by Vice President Kashim Shettima at the Bola Ahmed Tinubu International Conference Centre in Abuja.
Tinubu noted that Nigeria has long faced “fragmented value chains, high production costs, infrastructure gaps, policy inconsistency, and insufficient coordination between government and industry.”
“This stops now,” he added, insisting on the necessity of action over preparation.
“We have realised that industrialisation is not a wish you think about; it is an action you perform. More than that, we must remind ourselves that this task demands coherence across energy, trade, infrastructure, finance, skills, and innovation. It requires partnership between government and the private sector,” he stated.
President Tinubu insisted on the timely implementation of the policy, noting that when his administration took office in 2023, it had promised to redefine Nigeria’s industrial ambition.
He said, “The defining strength of this policy is its insistence on implementation. This administration will not measure success by the number of documents we produce.
“We will measure success by the number of factories that open their gates at dawn, by the jobs created for our young men and women, by the exports that leave our ports bearing the mark of Nigerian excellence, and by the value retained within our own economy.”
The president outlined that the policy prioritises strategic sector focus based on Nigeria’s comparative and competitive advantages.
He added, “It advances value chain development so that Nigeria moves steadily from exporting raw materials to producing finished goods. It integrates our micro, small, and medium enterprises into the heart of industrial growth, because prosperity must not be exclusive.
“It aligns infrastructure and energy with industrial ambition, for factories cannot run on policy alone. It strengthens skills, technology, and innovation to prepare our people for the industries of today and tomorrow.”
Tinubu also stated the need for private sector engagement, saying, “to invest with confidence and responsibility, to deepen local value chains, to create jobs and transfer skills, and to partner with government in building a productive economy.”
The president commended Minister of State for Industry, Senator John Owan Enoh, “for his disciplined leadership and clarity of purpose in driving” the policy, as well as technical teams, industry stakeholders, and investors who contributed to its development.
Business mogul Aliko Dangote, Chairman of Dangote Group, said the policy is progressive and expressed optimism about investment opportunities in Nigeria.
Domestic producers, according to Dangote, are happy with the Tinubu administration’s policy and are adamant that “the naira, this year, will be at ₦1,000 to $100.”
He noted, “If there is no protection, there is no way any industry will thrive here,” stressing the need to safeguard indigenous industries.
Mohamed Malick Fall, United Nations Resident and Humanitarian Coordinator in Nigeria, said the launch was a step toward inclusive economic growth and noted that the policy was developed in partnership with the United Nations Industrial Development Organisation (UNIDO).
The President of the Manufacturers Association of Nigeria, Otunba Francis Meshioye, welcomed the policy and assured support for its implementation, noting its focus on promoting indigenous entrepreneurship.
