The Vice President of the Federal Republic of Nigeria, Kashim Shettima, on behalf of President Bola Ahmed Tinubu, on Tuesday delivered the keynote address at the official launch of the Nigeria Industrial Policy (NIP) in Abuja, describing it as a defining step in the country’s transition to a production-driven economy.
The launch, held at the Bola Ahmed Tinubu International Conference Centre, marked a major milestone in Nigeria’s economic reform agenda, with the policy anchored on industrial expansion, value chain development and private sector-led growth.
In his keynote address, Vice President Shettima emphasised the Federal Government’s commitment to creating a stable and enabling environment for industrial development. He stressed that the success of the policy would depend on sustained collaboration between government and industry stakeholders.
According to him, strengthening local value chains, expanding manufacturing capacity and generating sustainable employment opportunities are central to achieving the objectives of the new industrial framework. He reaffirmed the administration’s resolve to ensure policy stability, transparency, measurable outcomes and accountability, while acknowledging the vital role of manufacturers and industrial players in driving national economic growth.
In his welcome remarks, the Honourable Minister of State for Industry, John Owan Enoh, described the Nigeria Industrial Policy 2025 as a historic and strategic milestone in the country’s economic transformation.
He said the policy reflects President Tinubu’s commitment to repositioning Nigeria’s economy toward production-led growth.
The Minister disclosed that the policy was developed through extensive consultations with industry stakeholders, policymakers and technical experts, and received approval from the Federal Executive Council in December 2025.
He added that it is backed by a clearly defined implementation framework designed to deliver measurable results, strengthen industrial coordination and enhance national competitiveness.
Also present at the launch was the Director General of the National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin, who represented the Council alongside heads of agencies and key stakeholders across Nigeria’s industrial ecosystem.
His participation underscored the strategic importance of the automotive sector within Nigeria’s broader industrialisation agenda, particularly in promoting local vehicle manufacturing, developing automotive component value chains, creating skilled employment and strengthening industrial capacity.
The Nigeria Industrial Policy 2025 provides a coordinated national framework aimed at accelerating industrial growth, boosting productivity and enhancing Nigeria’s global competitiveness, as the country seeks to reposition itself as a leading manufacturing hub in Africa.
