Tinubu Launches Nigeria Industrial Policy 2025 for Growth

On Tuesday, President Bola Ahmed Tinubu launched the Nigeria Industrial Policy 2025, marking a decisive step towards transforming Nigeria from a consumption-based economy to a production-oriented one. During the launch, Tinubu emphasized that the policy aims to end inconsistencies and lack of coordination between the government and the private sector.

Vice President Kashim Shettima highlighted the need for a comprehensive roadmap to re-engineer the industrial base and unlock value across various sectors. The policy is designed to enhance competitiveness, create jobs, and integrate micro, small, and medium enterprises into the industrial growth framework.

Tinubu assured that the government would support the private sector in deepening local value chains and creating jobs. Aliko Dangote, founder of Dangote Group, urged the federal government to protect local industries to foster a conducive business environment.

The policy aims to shift Nigeria's focus from import dependency to local production, ultimately creating jobs and reducing poverty.