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		<title>Tinubu&#8217;s Govt Promises Industrial Revolution with Bold Incentives to Revitalize Local Manufacturing</title>
		<link>https://www.housingtvafrica.com/tinubus-govt-promises-industrial-revolution-with-bold-incentives-to-revitalize-local-manufacturing/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tinubus-govt-promises-industrial-revolution-with-bold-incentives-to-revitalize-local-manufacturing</link>
		
		<dc:creator><![CDATA[Housing TV Africa News Desk]]></dc:creator>
		<pubDate>Mon, 17 Feb 2025 08:56:56 +0000</pubDate>
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					<description><![CDATA[<p><img width="700" height="610" src="https://www.housingtvafrica.com/wp-content/uploads/2025/02/John-Owan-Enoh-e1739782558770.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>The Federal Government has reaffirmed its commitment to tackling the challenges facing Nigeria’s industrial sector as part of President Bola Ahmed Tinubu’s vision for an industrial revolution. Minister of State for Industry, Trade, and Investment, Senator John Owan Enoh, gave this assurance during his tour of key industrial locations in the South-West. Government’s Plan to [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/tinubus-govt-promises-industrial-revolution-with-bold-incentives-to-revitalize-local-manufacturing/">Tinubu&#8217;s Govt Promises Industrial Revolution with Bold Incentives to Revitalize Local Manufacturing</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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										<content:encoded><![CDATA[<h4>The Federal Government has reaffirmed its commitment to tackling the challenges facing Nigeria’s industrial sector as part of President Bola Ahmed Tinubu’s vision for an industrial revolution.</h4>
<p>Minister of State for Industry, Trade, and Investment, Senator John Owan Enoh, gave this assurance during his tour of key industrial locations in the South-West.</p>
<p><strong>Government’s Plan to Revive the Manufacturing Sector</strong><br />
During visits to industries in Lagos and Ogun states, including Sunflag Nigeria Limited, GB Foods Nigeria, Friesland Campina WAMCO, and Mikano Industries, Enoh acknowledged the decline in the textile industry and its negative impact on productivity and job creation.</p>
<p>To address these issues, he announced plans for a Cotton Textile Garments (CTG) stakeholder session and the creation of an Industrial Revolution Work Group (IRWG), which will include representatives from various sectors, including the Manufacturers Association of Nigeria (MAN).</p>
<figure id="attachment_17234" aria-describedby="caption-attachment-17234" style="width: 300px" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="size-medium wp-image-17234" src="https://www.housingtvafrica.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-02-at-10.36.49-PM-300x300.jpeg" alt="AIHS Moves to Transcorp Hilton, Targets 5,000+ Quality Participants from 21 Countries" width="300" height="300" /><figcaption id="caption-attachment-17234" class="wp-caption-text">AIHS Moves to Transcorp Hilton, Targets 5,000+ Quality Participants from 21 Countries</figcaption></figure>
<p>“I have the immediate mandate to promote Made-in-Nigeria goods and services,” Enoh stated. “This government, led by President Tinubu, is committed to providing the necessary support to manufacturers.”</p>
<p><strong>Ease of Doing Business and Industrial Growth</strong><br />
Enoh emphasized that the government has introduced various incentives to improve the business environment and encourage local manufacturers.</p>
<p>“We commend these companies for their resilience despite economic challenges,” he said. “Our goal is to ease the difficulties businesses face and create an enabling environment for industrial expansion.”</p>
<p>He highlighted that the IRWG would act as a think tank and liaison between industries and the government, working to identify and solve key industrial challenges.</p>
<p><strong>Ogun State’s Push for Industrial Expansion</strong><br />
While in Ogun State, Enoh met with Governor Dapo Abiodun, who shared plans for West Africa’s largest cotton and apparel industry, set to employ 40,000 people within the Special Processing Zone.</p>
<p>Abiodun also pointed to Morocco’s success in attracting investors and producing aircraft parts, suggesting that Nigeria could benefit from similar collaborations.</p>
<p>In response, Enoh acknowledged Ogun State’s role as Nigeria’s leading industrial hub and praised its efforts in supporting industrial growth.</p>
<p>“While we acknowledge the constraints industries face, Nigeria’s economic potential remains enormous. By working with the private sector, we can drive the industrial revolution needed for national development,” he concluded.</p>
<p>The post <a href="https://www.housingtvafrica.com/tinubus-govt-promises-industrial-revolution-with-bold-incentives-to-revitalize-local-manufacturing/">Tinubu&#8217;s Govt Promises Industrial Revolution with Bold Incentives to Revitalize Local Manufacturing</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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