THE Federal Government has approved N187.8 billion for the design and construction of the Bank of Industry (BOI) headquarters at the Eko Atlantic City, Lagos.
The government also formally adopted the Nigerian Industrial Policy 2025, a document developed and validated with national and international partners ; including the supply of 200 units of electric buses to the National Automotive Design and Development Council, NADDC, aimed at strengthening Nigeria’s automotive development agenda and accelerating the country’s shift to cleaner mobility.
The Minister of State for Industry, Trade, and Investment, Senator John Owan Enoh, disclosed this while briefing State House correspondents at the end of the Federal Executive Council meeting today, presided over by President Bola Tinubu at the Presidential Villa, Abuja.
Describing it as “the most significant approval of the day,” Enoh said : “I am glad that the Nigerian Industrial Policy was finally approved at today’s Council meeting.
The Minister emphasised that the policy has now become a public document that will guide industrial growth and development.
The policy, he noted, aligns with President Tinubu’s Eight-Point Agenda and provides investors with a clear roadmap for Nigeria’s industrial future.
Enoh further stated that the Bureau of Public Procurement, BPP, had reviewed and approved the contract sum of N58 billion for the 200 pieces of the electric vehicles, adding that the selected contractor has a verifiable track record in local electric vehicle assembly, consistent with the government’s Nigeria First procurement policy.
