The Federal Government is seeking concrete financing solutions to support Nigeria’s industrial growth, with emphasis shifting from policy discussions to implementation and measurable outcomes.
At a meeting of the Industrial Revolution Work Group, government and private-sector representatives identified access to affordable, long-term capital, infrastructure and other production constraints as key barriers to industrial expansion.
Speaking on Day Two of the Industrial Revolution Work Group, Minister of State for Industry, Trade and Investment, John Owan Enoh, says the engagement must produce concrete financing instruments, with clear responsibilities and 30, 60 and 90-day timelines.
Muhameed Bala who represented the Ministry’s Permanent Secretary, says the major challenge is no longer identifying industrial constraints, but closing the gaps between policy and implementation through concrete outcomes.
Special Adviser On Investments to the Minister of Finance says long-term industrial investments require affordable and predictable financing, with public and private capital mobilised to address pricing, tenor and collateral challenges.
The Industrial Revolution Work Group is seeking practical financing solutions to strengthen manufacturing, boost productive investment and reduce the constraints limiting Nigeria’s industrial growth.
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Editor: Terverr Tyav
