Port Harcourt:The Federal Government has announced the mobilization of over $380 million in strategic financing commitments to bolster manufacturing and value-chain development under the Nigerian Industrial Policy 2025. This was revealed by the Minister of State for Industry, Trade and Investment, Sen. John Enoh, during the 22nd International Conference organized by the Nigerian Institute of Electrical and Electronics Engineers (NIEEE).
According to News Agency of Nigeria, the minister, represented by Mr. Etoro Johnson of the Industrial Inspectorate Department, emphasized the importance of the upcoming 2026 International Conference and Exhibition on Power and Telecommunication (ISEF 2026). He noted that the Nigerian Industrial Policy 2025 aims to address gaps in energy, trade, infrastructure, and technology, thereby creating a competitive business environment.
The government is focusing on value addition in sectors such as agro-processing, petrochemicals, pharmaceuticals, textiles, and light manufacturing to decrease reliance on raw commodity exports and boost domestic production of finished goods. Dedicated energy solutions for industrial clusters are also being prioritized to tackle power supply challenges faced by manufacturers.
Collaborative initiatives involving dedicated power and gas infrastructure for industrial parks are being cited as effective models for ensuring reliable energy supply to manufacturing centers. The ministry is also working with the Bank of Industry to expand financing interventions, reducing barriers to accessing funds for producers.
Furthermore, the government is enhancing support for Micro, Small, and Medium Enterprises (MSMEs) through capability mapping and technical training in automation and artisanal skills. This aims to improve productivity and integrate local suppliers into major industrial value chains.
Enoh highlighted the convergence of energy transition and digital transformation as an opportunity for Nigeria to build a sustainable, globally competitive industrial ecosystem. He called on engineers to collaborate with the government in developing indigenous technologies and improving energy delivery to manufacturing hubs.
Dr. Felix Adeboye, President of the Nigerian Institute of Electrical and Electronics Engineers, encouraged engineers to utilize digital technologies to accelerate Nigeria’s energy transition and improve infrastructure. He emphasized the role of technologies like Artificial Intelligence and the Internet of Things in transforming energy processes.
Mr. Olice Kemenanabo, the chairman of the conference, urged engineers to embrace innovation and uphold professional standards to drive industrial growth and economic development. He highlighted the importance of sound engineering, planning, and technical competence in the success of the electrical, electronics, and telecommunications sectors.