FMITI: Nigeria Industrial Policy Recorded Strong First 90 Days
Oluchi Chibuzor
The Office of the Honourable Minister of State For Industry at the Federal Ministry of Industry, Trade and Investment has said that it recorded significant progress in the first 90 days of implementing the Nigeria Industrial Policy 2025, with early gains across financing, skills development, value-chain activation, export readiness, industrial infrastructure and Made-in-Nigeria patronage.
Issued by the Office of the Honourable Minister of State for Industry, Senator John Owan Enoh, the 90-Day Progress Report showed that the Policy has moved decisively from launch to execution, with implementation activity recorded across all eight strategic objecCves.
Within the period under review, the ministry said it mobilised over $380 million in strategic
financing, advanced a proposed N350 billion MSME Development Fund, activated five Bank
of Industry quick-win tracks, supported the training of 620 youths and arCsans, facilitated
export-readiness milestones for Nigerian manufacturers, and strengthened coordination
across priority industrial value chains.
In a statement, Enoh, said the first 90 days demonstrate the Federal Government’s commitment to converCng industrial policy into measurable action.
He said, “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. In the first 90 days, we have focused on building the foundations required for
implementation: financing, partnerships, value-chain activation, skills, infrastructure and accountability.”
Under the Made-in-Nigeria patronage objective, the ministry commenced stakeholder
coordination with the Bureau of Public Procurement, the National Automotive Design and
Development Council, the Manufacturers Association of Nigeria, the Association of Local
Automotive Manufacturers and Coton, Textle and Garment stakeholders to strengthen
enforcement of the Nigeria First Policy and expand patronage of locally manufactured goods.
On MSME development, the ministry advanced the financing framework for the Nigeria MSME Industrial Clusters Programme, designed to support industrial infrastructure,
productivity, job creation and value addition across competitive clusters.
“In employment and skills development, 400 youths were trained in mechatronic skills through
NADDC, while 220 artisans were trained under the Industrial Training Fund’s Skill Up Artisan
Programme. The Ministry also advanced strategic work with the Bank of Industry around five quick-win areas: MSME census and capability mapping, the Idu Industrial Park ecosystem, the Cocoa Value Chain Summit, execution compliance mechanisms, and Industrial Revolution Working Group roundtables,” it said.
