Announced by the Minister of State for Industry John Enoh, the policy provides a coordinated framework for industrial growth, trade expansion and investment, following its approval and validation last year, Kamorudeen Olawale Yusuf, personal assistant on special duties to Nigerian President Bola Ahmed Tinubu, posted on Facebook.
Aligned with the President’s eight-point agenda, the policy is built on six core pillars: competitive industrial production, value-chain deepening, import substitution, micro, small and medium enterprises (MSME)-to-industry transition, trade competitiveness under the African Continental Free Trade Area (AfCFTA) and strong institutional governance, the Facebook post said.
The seventh bullet in the eight-point national agenda relates to diversification and industrialisation.
The policy aims at addressing long-standing challenges like fragmented value chains, heavy import dependence, and limited manufacturing capacity, it noted.
The government has already set up an implementation committee, underscoring its focus on execution, measurable outcomes and job creation, the social media post added.
Fibre2Fashion (DS)
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