Lagos, Oct. 7, 2026 – The Federal Government is committed to effective implementation of the Nigeria Industrial Policy (NIP).
President Bola Tinubu gave the assurance in Lagos on Tuesday at the sixth Adeola Odutola Lecture and 54th Annual General Meeting of the Manufacturers Association of Nigeria (MAN).
The theme of lecture was “Leveraging National Industrial Policy to Position Nigeria as Africa’s Industrial Hub.”
The president, who was represented by Sen. John Enoh, the Minister of State for Industry, said the policy has a delivery mechanism to drive measurable improvements in the country’s industrial sector.
He said that the policy would be measured by the number of factories reopening, increased capacity utilisation, jobs created, exports shipped and new factories established.
The president said he had directed the Ministry of Industry, Trade and Investment, through the Industrial Revolution Working Group (IRWG), to hold quarterly delivery dialogues with MAN.
He said the dialogues would enable the association to monitor implementation and hold the government accountable.
“That is why this policy is not a shelf document. It has a delivery engine.
“Implementation of the Nigerian industrial policy will be measured, reported, and published.
“For clarity, I have directed the Ministry of Industry, Trade and Investment, through the IRWG, to hold a standing quarterly delivery dialogue with this association.
“This is so that you can hold us to account,” he said.
Tinubu said the IRWG brought government, the Organised Private Sector, financiers and development partners together under one scorecard.
He said the scorecard would measure factories reopening, capacity utilisation, jobs created, exports shipped and new factories established.
Tinubu also identified energy, capital, markets, security and accountability as key areas requiring government intervention to accelerate industrialisation.
According to him, no factory can compete in the dark.
“We will continue to prioritise gas for industry and provide reliable power for industrial clusters because the cost of energy is the cost of everything we make,” he said.
The President said government would work with the Bank of Industry, development finance institutions and the banking system.
He said the objective was to provide patient, affordable and long-term financing to productive enterprises.
Tinubu said the government’s Nigeria First policy would support public procurement of locally made goods that met required standards.
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He added that initiatives such as the National Single Window would reduce the cost and time of moving goods through ports and borders.
Tinubu urged manufacturers to reciprocate government’s efforts by investing in production capacity and deepening backward integration.
He also urged them to meet international standards, train young Nigerians and treat the African market as their home market.
Mr Francis Meshioye, MAN President, said Nigeria’s industrial transformation required more than policy ambition, stressing the need for sustained improvements in productivity, investment, technology adoption, infrastructure, energy, finance and the broader business environment.