On Tuesday, President Bola Tinubu unveiled Nigeria’s Industrial Policy 2025, a strategic framework aimed at revitalizing the nation’s industrial sector. The launch took place at the Bola Tinubu International Conference Centre in Abuja, with Vice President Kashim Shettima representing the President. In a statement released afterward, it was underscored that the policy is intended to re-engineer Nigeria's industrial base, focusing on production efficiency, competitiveness, and job creation as central pillars for the country's economic growth.

During the address, Tinubu highlighted the critical need for effective implementation of the policy, asserting that the primary failures in policy execution often stem from inadequate follow-through rather than poor planning. He pointed out ongoing challenges faced in Nigeria's industrial landscape, including fragmented value chains, significant production costs, infrastructure deficiencies, and policy inconsistencies that have hindered growth and development in the sector. The President urged various governmental agencies to facilitate and expedite the policy's execution to foster a more robust industrial economy.

Tinubu’s unveiling of the Industrial Policy 2025 signifies a renewed commitment from the Nigerian government to strengthen its industrial framework as part of a broader economic strategy. With an emphasis on unlocking value across different sectors, this policy is expected to tackle long-standing issues in industrial production and create a more favorable business environment. If implemented effectively, it may lead to improved job opportunities and competitiveness for Nigeria in both local and global markets.