Tinubu unveils blueprint to revive Industries, boost growth

President Bola Tinubu on Tuesday launched the Nigeria Industrial Policy 2025, describing it as a comprehensive blueprint to revive moribund industries, strengthen value chains and accelerate economic growth.

Represented at the event in Abuja by Vice President Kashim Shettima, the president said the policy provides a roadmap for re-engineering Nigeria’s industrial base and repositioning the country for sustainable development.

He directed ministries, departments and agencies to ensure swift implementation, stressing that its success would be measured by tangible outcomes such as factories reopened, jobs created and exports expanded, not merely by documentation.

Tinubu acknowledged persistent structural challenges, including fragmented value chains, high production costs, infrastructure deficits, policy inconsistency and weak coordination between government and industry.

He emphasised that meaningful industrialisation requires synergy across energy, trade, infrastructure, finance, skills development and innovation, supported by strong public-private collaboration.

The policy prioritises sectors where Nigeria holds comparative and competitive advantages.

It aims to deepen value chain development by shifting the country from exporting raw materials to producing finished goods, while integrating micro, small and medium enterprises into mainstream industrial growth.

The president also urged the private sector to invest responsibly, expand domestic value chains, create jobs and partner with government in building a productive economy.

Minister of State for Industry, John Owan Enoh, described the initiative as a turning point toward building an industrial Nigeria that produces, competes and prospers.

He said measures were underway to guarantee strong private sector participation across key sectors to boost productivity and growth.

Chairman of the Dangote Group, Aliko Dangote, welcomed the policy, noting that Nigeria remains one of the few African countries where the private sector outweighs 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, however, stressed the need to protect indigenous industries, warning that no sector can thrive without adequate safeguards.

Similarly, President of the Manufacturers Association of Nigeria, Francis Meshioye, commended the launch and pledged manufacturers’ commitment to effective implementation of the policy.

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