NIGERIA INDUSTRIAL POLICY

What Is This Policy?

The Nigeria Industrial Policy provides the strategic framework for developing and diversifying Nigeria's industrial base, growing domestic manufacturing, processing, and value addition as the primary route to economic diversification away from oil. It sets out government incentives, infrastructure support, regulatory reforms, and targeted sector priorities to attract investment and create manufacturing jobs.

Who Does It Target?

Domestic manufacturers in consumer goods, food processing, textiles, steel, cement, petrochemicals, and pharmaceuticals Foreign direct investors evaluating Nigeria as a manufacturing and processing hub for African markets MSMEs in light manufacturing, craft industries, and agro-processing requiring incentives and market access Industrial park and Export Processing Zone developers and operators

What Does It Aim to Achieve?

Grow manufacturing's contribution to GDP from approximately 9% to 15% by 2030, reversing decades of deindustrialisation Create 2 million direct manufacturing jobs by 2030, with a priority on labour-intensive sectors Increase manufactured exports from approximately $5 billion to $20 billion annually by 2030 under the AfCFTA framework Reduce Nigeria's import bill for manufactured goods through deliberate import substitution in food processing, pharmaceuticals, textiles, and consumer electronics

Key Features

Priority Sectors: Agro-processing (rice, cassava, palm oil, cocoa); pharmaceuticals; petrochemicals and plastics; textiles; light electronics and appliances; solid minerals processing Industrial Parks: Government-funded special economic zones and industrial parks provide serviced land, reliable power, and simplified business registration for manufacturers Pioneer Status Incentives: Manufacturing companies in priority sectors receive tax holidays of 3 to 5 years under the pioneer status framework; applications through NIPC: nipc.gov.ng Import Substitution Tariff: Sector-specific tariffs on competing imports of locally manufacturable goods encourage domestic production; managed through the Customs Tariff Schedule Local Content in Manufacturing: Policy requires federal procurement to prioritise Made-in-Nigeria goods; SON certification ensures quality standards for Nigerian manufactured products Industrial Financing: Bank of Industry (BOI) provides medium and long-term manufacturing loans at concessional rates; DBN provides partial credit guarantees for MFB lending to MSMEs

Current Status

Rollout Stage: Active; Renewed Hope Agenda 2023 elevated manufacturing to a national priority; ministerial sectoralplans under implementation Implementing Body: Federal Ministry of Industry, Trade and Investment (FMITI); NIPC; BOI; SON; NAFDAC; NCC; Export Processing Zones Authority (NEPZA) Investment Inflows: Nigeria received $3.3 billion in manufacturing FDI in 2022 to 2023; pharmaceutical and food processing sectors recorded the strongest growth Funding: Federal capital allocation for industrial parks; BOI N100 billion manufacturing fund; World Bank Nigeria Manufacturing Competitiveness Programme

How to Access

Manufacturers: Register with FMITI and obtain SON certification for your products; apply for pioneer status at NIPC: nipc.gov.ng; apply for BOI loans at boi.ng Foreign Investors: Contact NIPC for investment incentives, one-stop-shop registration, and sector-specific facilitation: nipc.gov.ng Industrial Park Tenants: Apply for space in federal industrial parks and Export Processing Zones through NEPZA: nepza.gov.ng Contact: FMITI: fmiti.gov.ng | NIPC: nipc.gov.ng | BOI: boi.ng | NEPZA: nepza.gov.ng

Impact & Metrics

Manufacturing sector grew 5.7% in 2023 following incentive programmes; pharmaceutical domestic production covers approximately 30% of national medicine demand

Official Resources

Website: fmiti.gov.ng | nipc.gov.ng | boi.ng | nepza.gov.ng Contact: FMITI, Block G, Old Federal Secretariat Complex, Area 1, Garki, Abuja Policy Summary | Source: FMITI, NIPC, MAN, BPE, World Bank Nigeria Industrial Policy Review, UNCTAD Nigeria | February 2026

Legal Framework

The Nigeria Industrial Policy operates under the Federal Ministry of Industry, Trade and Investment mandate, the Industrial Development (Income Tax Relief) Act, the Small and Medium Enterprises Development Agency of Nigeria Act, and the Nigerian Investment Promotion Commission Act. It aligns with the National Industrial Revolution Plan, the Economic Recovery and Growth Plan, the AfCFTA Framework on industrial development, and the ECOWAS Industrial Policy on regional value chains.