The Federal Government has unveiled the Nigerian Industrial Policy (NIP), setting an ambitious target to raise the manufacturing sector’s contribution to 25 per cent of Nigeria’s Gross Domestic Product (GDP) by 2030.
The policy was presented in Lagos during the soft launch at the Nigerian Economic Summit Group (NESG) Macroeconomic Outlook for 2026, where the Minister of State for Industry, Senator John Enoh, described it as a decisive move to convert Nigeria’s industrial potential into measurable economic output, jobs, and productivity.
Approved and validated in 2025, the NIP is designed to drive value addition, industrial expansion, and employment creation, while reducing Nigeria’s dependence on imports.
Enoh said the framework aligns with President Bola Tinubu’s eight-point agenda, particularly Agenda Seven, which focuses on diversification and industrialisation.
The policy is anchored on six key pillars:
- Competitive industrial production
- Value-chain deepening
- Import substitution
- Transition from MSMEs to large-scale industry
- Trade competitiveness under the African Continental Free Trade Area (AfCFTA)
- Strong institutional governance
“These pillars are designed to tackle Nigeria’s long-standing challenges, including fragmented value chains, high import dependence, and weak manufacturing capacity,” the minister said.
Enoh stressed that the policy prioritises implementation, noting that a dedicated committee is already working to translate strategy into tangible outcomes.
“We did not produce a policy just to admire it. What matters is turning it into jobs, productivity, and inclusive growth,” he said.
He cited the temporary ban on raw shea nut exports as a practical example of the need for structured value addition and regulatory clarity in industrial policy execution.
The minister revealed that the formal launch of the Nigerian Industrial Policy will take place next month, with President Tinubu expected to preside.
He added that the Ministry of Industry, Trade and Investment will work closely with the NESG to ensure broad stakeholder engagement and effective delivery.
“The question is no longer what the policy is, but how we deliver it. Nigeria’s industrial future will be built through deliberate policy, disciplined execution, and collective resolve,” Enoh said.
