Nigeria's Industrial Policy Progress Reported by Enoh

Senator John Owan Enoh, the Minister of State for Industry at the Federal Ministry of Industry, Trade and Investment, stated that the implementation of Nigeria's Industrial Policy (NIP), launched in February 2026, is making significant progress. Key areas of advancement include the activation of the Nigeria First Policy to promote local goods, collaboration with the Bureau of Public Procurement for the accelerated patronage of Nigerian assembled automobiles and Cotton, Textile, and Garment (CTG) products, and negotiations with the African Development Bank for a $69 million industrial cluster project aimed at enhancing financing for Micro, Small, and Medium Enterprises (MSMEs).

Enoh also noted improvements in the CTG value chains and skill acquisition programs, with 700 individuals trained in mechatronics. The NIP aims to increase the manufacturing sector's contribution to Nigeria's GDP to 15% by 2030 and 25% by 2035, from its current level of less than 10%.

The policy outlines a roadmap for industrial transformation, emphasizing fiscal, monetary, and industrial measures to foster competitiveness and sustainability.