President Bola Tinubu on Tuesday launched the Nigeria Industrial Policy 2025, a blueprint aimed at reviving moribund industries, strengthening value chains and accelerating economic growth.
Represented by Vice President Kashim Shettima at the launch in Abuja, the president described the policy as a roadmap for re-engineering Nigeria's industrial base.
He directed ministries, departments and agencies to ensure swift implementation, stressing that success would be measured not by policy documents but by tangible outcomes--factories opened, jobs created and exports increased.
Tinubu acknowledged longstanding structural challenges, including fragmented value chains, high production costs, infrastructure deficits, policy inconsistency and weak coordination between government and industry.
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He emphasised that industrialisation requires coherence across energy, trade, infrastructure, finance, skills development and innovation, as well as strong public-private collaboration.
He said the policy prioritises sectors where Nigeria holds comparative and competitive advantages. It seeks to deepen value chain development, moving the country from exporting raw materials to producing finished goods, while integrating micro, small and medium enterprises into the mainstream of industrial growth.
He urged the private sector to invest responsibly, expand local value chains, create jobs, transfer skills and partner with the government in building a productive economy.
Earlier, the Minister of State for Industry, John Owan Enoh, described the policy as a turning point toward building an industrial Nigeria that produces, competes and prospers. He said efforts were underway to ensure robust private sector participation across key sectors to drive productivity and growth.
Chairman of the Dangote Group, Aliko Dangote, welcomed the initiative, noting that Nigeria is one of the few African countries where the private sector outweighs the government in economic scale.
He expressed optimism about improved foreign exchange stability and projected that the naira could strengthen to N1,000 to the dollar this year.
Dangote added that while investors are showing renewed interest due to ongoing reforms, protecting indigenous industries remains critical. "Without protection, no industry can thrive," he said.
The President of the Manufacturers Association of Nigeria, Francis Meshioye, also commended the launch, pledging manufacturers' commitment to the effective implementation of the policy.
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