The federal government says the implementation of the Nigeria Industrial Policy (NIP) 2025 has recorded significant progress within its first 90 days and attracted more than $380 million in strategic financing and advancing key initiatives aimed at boosting local manufacturing, exports, skills development and industrial infrastructure.
According to a 90-day progress report released by the Office of the Minister of State for Industry, John Owan Enoh, the policy has moved beyond its launch phase into active implementation, with measurable interventions already underway across its eight strategic objectives.
The report noted that, in addition to mobilising over $380 million in financing commitments, the ministry has also advanced plans for a proposed N350 billion Micro, Small and Medium Enterprises (MSME) Development Fund, while activating five quick-win industrial programmes in collaboration with the Bank of Industry (BOI).
The ministry said the early achievements reflect the Federal Government’s determination to use industrialisation as a vehicle for economic growth, job creation, investment attraction and value retention within the Nigerian economy.
