In an industrial-policy review carried by ThisDay, Minister of State for Industry John Owan Enoh said the Nigerian Industrial Policy is beginning to deliver early results after its February launch.
The framework targets finance, power, infrastructure, regulation, local patronage and skills through a public-private Industrial Revolution Work Group.
Manufacturers, however, continue to face expensive credit and energy constraints, meaning early policy outputs must translate into lower production costs and stronger factory investment before growth can be considered broad-based.
Independent confirmation was limited during this review. No sufficiently independent second report was located, so no corroborating quotation has been invented.
Echotitbits take: Industrial policy should ultimately be judged by capacity utilisation, factory jobs, export competitiveness and the cost of producing in Nigeria.
Source: ThisDay – https://www.thisdaylive.com/2026/07/22/cppe-reducing-structural-cost-of-doing-business-ensuring-export-competitiveness-foremost-objectives-of-industrial-policy/, September 14, 2026
Photo Credit: Natinal Economy News
