Nigeria: Nigeria Unveils Fresh Industrial Policy to Revive Factories, Drive Manufacturing
Nigeria has launched a new Industrial Policy aimed at revitalizing inactive factories and boosting local manufacturing as part of its economic transformation agenda.
Fico wants to revive the Slovalco aluminum plant, promising to subsidize its electricity, which is cheaper than when the factory was inactive
Robert Fico plans to subsidize electricity prices for the Slovalco aluminum plant for the next 10 years to encourage its revival, despite market electricity prices having decreased significantly since the plant's shutdown.