The Federal Government has launched the Nigerian Industrialisation Policy as part of efforts to drive value addition, accelerate industrial growth, and expand employment opportunities across the country.
The Minister of State for Industry, , announced the policy at its soft launch, describing it as a strategic move to convert Nigeria’s vast industrial potential into measurable productivity and economic outcomes.
The event took place on the sidelines of the launch of the (NESG) Macroeconomic Outlook Report for 2026, held on Thursday in Lagos.
According to Enoh, the policy, which was approved and validated in 2025, represents a coordinated framework that aligns industrialisation with trade and investment priorities. He added that it is fully aligned with the eight-point national agenda of , particularly Agenda Seven, which focuses on economic diversification and industrial development.
“Over the last year, discussions about industrialisation have become more public,” the minister said. “This policy was shaped with industry, not for industry, to ensure that every Nigerian has a stake and that implementation is front and centre.”
Enoh explained that the Nigerian Industrialisation Policy is built on six core pillars. These include competitive industrial production, value-chain deepening, import substitution, the transition of micro, small and medium enterprises into full industrial players, enhanced trade competitiveness under the (AfCFTA) framework, and strengthened institutional governance.
“These pillars are designed to address Nigeria’s long-standing challenges, such as fragmented value chains, high import dependency, and limited manufacturing capacity,” he said.
The minister disclosed that the policy is targeting ambitious outcomes, including increasing manufacturing’s contribution to gross domestic product to between 20 per cent and 25 per cent by 2030. He cited the recent temporary ban on raw shea nut exports as an example of why structured value addition and clear regulatory frameworks are necessary to support domestic industries.
Emphasising the need for action beyond policy formulation, Enoh said implementation had already begun. “We did not produce a policy just to admire it. A small committee is already working on implementation, because what matters most is turning strategy into jobs, productivity, and employment,” he stated.
He also highlighted Nigeria’s strategic position within AfCFTA, stressing the importance of leveraging the country’s large domestic market while preventing it from becoming a dumping ground for imported goods. He assured stakeholders of strong government commitment to clear execution timelines, measurable benchmarks, and coordinated action across key ministries, including trade, investment, finance, energy, skills development, and infrastructure.
The formal launch of the Nigerian Industrialisation Policy is scheduled for next month, with President Tinubu expected to preside over the event. Enoh added that the Ministry of Industry, Trade and Investment and NESG would work closely to ensure broad stakeholder engagement and effective delivery.
“The question is no longer what the policy is,” he said. “The question is how we deliver. Nigeria’s industrial future will not be built by chance, but by deliberate policy, disciplined execution, and collective resolve.”
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