FG Introduces Industrialisation Policy to Boost Manufacturing and Job Creation

The Federal Government has unveiled the Nigerian Industrialisation Policy, a comprehensive framework aimed at driving value addition, accelerating industrial growth, and expanding employment opportunities across the country.

The policy was announced by the Minister of State for Industry, Senator John Uwan-Enoh, during a soft launch held in Lagos alongside the presentation of the Nigerian Economic Summit Group’s Macroeconomic Outlook Report for 2026.

Approved and validated in 2025, the policy is designed to harmonise industrialisation, trade, and investment strategies under a coordinated national framework. The minister said the initiative was developed through extensive engagement with industry stakeholders to ensure practical implementation.

According to Enoh, the policy is anchored on six key pillars: competitive industrial production, value-chain deepening, import substitution, transition of micro, small and medium enterprises into large-scale industry, enhanced trade competitiveness under the African Continental Free Trade Area, and strengthened institutional governance.

He explained that the framework seeks to address long-standing structural challenges such as fragmented value chains, heavy reliance on imports, and limited manufacturing capacity.

The policy targets a rise in manufacturing’s contribution to Nigeria’s gross domestic product to between 20 and 25 per cent by 2030. The minister cited recent regulatory actions, including restrictions on raw material exports, as examples of the need for deliberate value-addition strategies.

He added that implementation structures are already being put in place, with a dedicated committee working to translate the policy into measurable outcomes, including job creation and productivity gains.

The formal launch of the policy is scheduled for next month, with President Bola Tinubu expected to preside over the event.