The Federal Government says it has recorded over $380 million in strategic financing commitments within the first 90 days of implementing the Nigeria Industrial Policy (NIP) 2025. The announcement was made in a progress report released by the Office of the Minister of State for Industry, John Owan Enoh.

According to report, the policy has moved beyond its launch phase into active implementation, with measurable interventions already underway across its eight strategic pillars. These include efforts aimed at strengthening local manufacturing, boosting exports, improving skills development and expanding industrial infrastructure.

The government noted that the early progress reflects a coordinated effort to accelerate industrial growth and position Nigeria as a more competitive manufacturing hub, with further implementation expected in the coming months.