President Bola Tinubu on Tuesday unveiled Nigeria’s Industrial Policy 2025, urging Ministries, Departments and Agencies (MDAs) to ensure its swift implementation as part of a broader push to transform the country’s industrial base.
Represented by Vice-President Kashim Shettima, the president inaugurated the policy at the Bola Ahmed Tinubu International Conference Centre in Abuja.
Tinubu described the policy as a roadmap for re-engineering Nigeria’s industrial base, saying it would unlock value across sectors and place production, competitiveness and job creation at the centre of the nation’s economic strategy.
He acknowledged that for years Nigeria has struggled “with fragmented value chains, high production costs, infrastructure gaps, policy inconsistency, and insufficient coordination between government and industry.
” 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. “
The president insisted that the success of the policy would depend on timely execution, noting that his administration came into office in 2023 with a commitment 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.”
Tinubu said the policy prioritises strategic sectors anchored on Nigeria’s comparative and competitive advantages.
” 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,” the president added.
Tinubu commended the Minister of State for Industry, Sen. John Enoh, “for his disciplined leadership and clarity of purpose in driving” the process.
He said the minister had demonstrated that policy leadership was not about noise but about substance, coordination and follow-through, while also praising the ministry’s technical teams, industry stakeholders, manufacturers, investors and practitioners for shaping the policy.
Chairman of the Dangote Group, Alhaji Aliko Dangote, welcomed the move, describing it as a progressive industrial policy.
Dangote said Nigeria was the only country in Africa where the private sector is bigger than the government, adding that domestic manufacturers were pleased with the policy introduced by the Tinubu administration.
He expressed confidence that “the Naira, this year, will be at ₦1,000 to $100,” noting that many investors are willing to invest in Nigeria due to exchange rate stability and ongoing economic reforms.
Dangote added that protecting indigenous industries remains critical, saying, “if there is no protection, there is no way any industry will thrive here.”
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