Gov Sanwo-Olu hails Nigeria Indusrial Policy
Lagos State Governor Babajide Olusola Sanwo-Olu has described the Nigeria Industrial Policy (NIP) as the nation’s decisive step towards becoming a country that produces more, empowers more, and competes globally.
Governor Sanwo-Olu made the remarks at the public presentation of the new policy by the Vice President, Federal Republic of Nigeria, His Excellency Senator Kashim Shettima, GCON at the Banquet Hall, State House, Abuja on Tuesday.
Represented by Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Bada Ambrose, Sanwo-Olu stated that the true measure of a nation lies in the jobs it creates, the skills it builds, and the opportunities it opens for its people.
His words: “For too long, we exported raw materials and imported finished goods. That cycle must end, and it is ending. Under the leadership of President Bola Ahmed Tinubu GCFR, this administration has chosen to confront our structural economic challenges head-on. Through macroeconomic reforms, clearer regulations, investor engagement, and infrastructure development, the groundwork for real industrial growth is being laid.
“This policy builds on that foundation. Since its soft launch at the Nigerian Economic Summit Group’s 2026 Macroeconomic Outlook, one message has been clear: industrialisation is no longer optional, and it is central to Nigeria’s future Today’s official launch signals are not just intent, but action. Across ministries, agencies, and the private sector, efforts are already underway to translate policy into factories, jobs, and exports.”
According to the governor, what makes this policy different is its integration with a wider economic ecosystem; from sector-specific financing and development bank partnerships to alignment with the African Continental Free Trade Area, AfCFTA Identifying exportable products across all local government areas, it recognises that industrial growth must be both national in reach and global in outlook.
“As Governor of Lagos, I can attest to the resilience and enterprise of our people. Lagos remains Nigeria’s commercial heartbeat, home to dynamic industrial clusters and a thriving entrepreneurial ecosystem. We are ready to align fully with this national vision; strengthening infrastructure, supporting manufacturers, and helping businesses scale into national and global markets.
“As the Federal administration advances, it is building a legacy of structure, systems, and a clear roadmap for industrial transformation. The National Industrial Policy confronts long-standing challenges; fragmented value chains, overreliance on imports, and underused capacity, and replaces them with coordination, purpose, and measurable progress,” he said.
