It is a 10-year period within which we will have advanced manufacturing to a stage where we go beyond the nine percent, 10 per cent contribution to GDP to as high as 20 to 25 per cent.”
The Chairman of the Committee, Hon. James Faleke, who made this week , said that the review was necessary as a result of the country’s annual loss of about N8 trillion to waivers and concessions.
Here are the key highlights of the new Industrial Policy 2025, according to Vice President Shettima.
ISO 37003 offers a practical and scalable framework that organisations can implement to strengthen internal controls and build resilience against financial crimes.
The Minister who appealed to the National Assembly for a targeted increase in capital funding stressed that without adequate resources, the ministry’s ability to support President Bola Tinubu’s Renewed Hope Agenda and the push for a trillion-dollar economy would be severely constrained.
Prof Mojisola Adeyeye, NAFDAC Director-General said, “This ban is not punitive; it is protective; she encourages manufacturers distributors, and retailers, to comply fully with the ban.
The enemy is the long-standing, fear-enforced Monday sit-at-home order, a ghostly mandate from non-state actors that has strangled businesses and normalized weekly monday sit-at-home for years.
Oyedele addressed the manufacturers recently at a forum organised by the Manufacturers Association of Nigeria (MAN), themed, “From Legislative Assembly to Factory Floor: What the New Tax Laws Mean for Nigerian Manufacturers.”
Oduwole emphasised that the deal signed after intense negotiations, complies with WTO, AfCFTA, and ECOWAS rules., and immediately clears the path for duty-free entry of key agricultural, seafood, and industrial goods into one of the world’s richest markets.
“Our objective is to create a tariff regime that supports local manufacturers, strengthens value chains and promotes sustainable industrial expansion…”
