Tinubu unveils Nigeria Industrial Policy 2025, vows factories, jobs
Abdullateef Fowewe
President Bola Tinubu has launched the Nigeria Industrial Policy 2025 on Tuesday, demanding swift execution to transform the country’s economy through factories, jobs, and boosted exports.
This was made known in a statement on Tuesday by Stanley Nkwocha, Senior Special Assistant to The President on Media & Communications (Office of The Vice President).
Represented by Vice President Kashim Shettima at the Bola Ahmed Tinubu International Conference Centre, Tinubu described the policy as a “roadmap for re-engineering Nigeria’s industrial base,” emphasising that “policies rarely fail at conception but at execution.”
He lamented past challenges like “fragmented value chains, high production costs, infrastructure gaps, policy inconsistency, and insufficient coordination between government and industry,” declaring emphatically: “This stops now.”
The President stressed action over documents, stating, “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.”
Key pillars include strategic sector focus on Nigeria’s advantages, value chain development from raw exports to finished goods, MSME integration, infrastructure alignment, and skills enhancement.
Tinubu urged private sector partnerships, commending Minister of State for Industry, Senator John Owan Enoh, for his “disciplined leadership and clarity of purpose.”
Dangote Group Chairman Aliko Dangote praised the policy, noting Nigeria’s unique position where “the private sector is bigger than the government.”
He predicted “the naira, this year, will be at ₦1,000 to $100” due to reforms and called for indigenous industry protection, “If there is no protection, there is no way any industry will thrive here.”
UN Resident Coordinator Mohamed Malick Fall hailed it as Nigeria stepping “into its future where hope is turned into action,” while Manufacturers Association of Nigeria (MAN) President Otunba Francis Meshioye pledged full support for implementation.
The policy, developed with UNIDO input, aims to make Nigeria a global value chain player.
