Nigeria’s industrial policy records early gains as FG mobilises $380m in first 90 days
The Federal Ministry of Industry, Trade and Investment (FMITI) says the Nigeria Industrial Policy 2025 has recorded significant progress within its first 90 days of implementation, with achievements spanning financing, skills development, industrial infrastructure, exports and support for local manufacturing.
The Federal Ministry of Industry, Trade and Investment (FMITI) says the Nigeria Industrial Policy 2025 has recorded significant progress within its first 90 days of implementation, with achievements spanning financing, skills development, industrial infrastructure, exports and support for local manufacturing.
According to a progress report issued by the Office of the Minister of State for Industry, John Owan Enoh, implementation activities have commenced across all eight strategic objectives of the policy, marking a shift from policy launch to execution.
The ministry said it mobilised more than $380 million in strategic financing during the period and advanced plans for a proposed N350 billion MSME Development Fund. It also activated five quick-win initiatives through the Bank of Industry (BOI), trained hundreds of youths and artisans, and facilitated export-readiness initiatives for local manufacturers.
Enoh said the early achievements reflect the Federal Government’s commitment to translating industrial policy into measurable outcomes.
“The Nigeria Industrial Policy is not intended to remain a document on the shelf. It is a delivery instrument for productivity, competitiveness, investment, job creation and national value retention,” he said.
Under the government’s Made-in-Nigeria agenda, the ministry said it began consultations with key stakeholders, including the Bureau of Public Procurement, the National Automotive Design and Development Council (NADDC), the Manufacturers Association of Nigeria (MAN), the Association of Local Automotive Manufacturers and operators in the cotton, textile and garment sector. The engagement is aimed at strengthening implementation of the Nigeria First Policy and boosting patronage of locally manufactured goods.
The report also highlighted progress in MSME development, noting that the ministry advanced financing arrangements for the Nigeria MSME Industrial Clusters Programme, which is designed to support industrial infrastructure, productivity growth, job creation and value addition across industrial clusters.
On skills development, the ministry said 400 youths received mechatronics training through NADDC, while another 220 artisans were trained under the Industrial Training Fund’s Skill Up Artisan Programme.
The ministry further disclosed that strategic work had commenced with the Bank of Industry in areas including MSME census and capability mapping, development of the Idu Industrial Park ecosystem, the Cocoa Value Chain Summit, compliance monitoring and Industrial Revolution Working Group roundtables.
In the area of industrial competitiveness, implementation efforts covered cotton, textile and garment revitalisation, sugar production, electric vehicle manufacturing, fertiliser and agricultural inputs, rice milling and processing, and cashew processing for export.
The report also cited progress in regional trade initiatives, including the launch of a Vehicle Homologation and Certification Programme, the award of African Quality Marks to 131 Nigerian companies covering 220 products, and the extension of the ban on raw shea nut exports to encourage domestic processing and value addition.
To improve energy access for manufacturers, the ministry said it had advanced the Idu Industrial Park Pilot Power Programme in the Federal Capital Territory, describing it as a model that could be replicated across industrial clusters nationwide.
Looking ahead, FMITI said the next phase of implementation will focus on operationalising the MSME Industrial Cluster Programme, delivering dedicated gas supply to Idu Industrial Park, launching a revised Cotton, Textile and Garment Sector Policy, implementing the National Shea Value Chain Framework and strengthening monitoring and evaluation mechanisms across all policy objectives.
The ministry reaffirmed its commitment to regular reporting, stakeholder engagement and implementation discipline as the Nigeria Industrial Policy 2025 moves into its next phase.
