Tinubu launches new industrial policy to boost Nigeria’s economy
President Bola Tinubu has unveiled Nigeria’s Industrial Policy 2025, calling for its swift implementation by government agencies. The policy aims to transform Nigeria’s industrial sector by focusing on production, competitiveness, and job creation. Tinubu highlighted the need for strong partnerships between government and the private sector, and stressed that success would be measured by real outcomes like factory openings and job creation. Industry leaders, including Alhaji Aliko Dangote, welcomed the policy and expressed optimism about its impact on the economy.
What we know
- Bola Tinubu launched Nigeria’s Industrial Policy 2025 at the Bola Tinubu International Conference Centre, Abuja, represented by Vice President Kashim Shettima.
- The policy addresses issues such as fragmented value chains, high production costs, infrastructure gaps, and policy inconsistency.
- It prioritises strategic sectors, value chain development, support for micro, small, and medium enterprises, and alignment of infrastructure and energy with industrial goals.
- Alhaji Aliko Dangote praised the policy, noting investor interest and the importance of protecting indigenous industries.
- The policy received support from the United Nations and the Manufacturers Association of Nigeria, who pledged to back its implementation.
