The Federal Ministry of Industry, Trade and Investment (FMITI) says the Nigeria Industrial Policy 2025 has recorded significant progress within its first 90 days of implementation, with achievements spanning financing, skills development, industrial infrastructure, exports and support for local manufacturing.
According to a progress report issued by the Office of the Minister of State for Industry, John Owan Enoh, implementation activities have commenced across all eight strategic objectives of the policy, marking a shift from policy launch to execution.
The ministry said it mobilised more than $380 million in strategic financing during the period and advanced plans for a proposed N350 billion MSME Development Fund. It also activated five quick-win initiatives through the Bank of Industry (BOI), trained hundreds of youths and artisans, and facilitated export-readiness initiatives for local manufacturers.
Enoh said the early achievements reflect the Federal Government’s commitment to translating industrial policy into measurable outcomes.
“The Nigeria Industrial
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