Minister of State for Industry, Trade and Investment, John Enoh, has reaffirmed President Bola Tinubu’s administration’s commitment to providing the necessary support and incentives to address challenges facing key industries in Nigeria, thereby driving industrial growth.
Industrial Tour Highlights Government Dedication
During the Southwest leg of a nationwide Industrial Tour, Enoh visited select industries in Lagos and Ogun States, emphasizing the government’s dedication to fostering industrial growth.
Support for Local Industries to Unlock Economic Potential
Speaking at the Coleman Factory in Sagamu, Ogun State, Enoh underscored the necessity of increased government involvement in supporting local industries. He detailed ongoing efforts to finalize policies aimed at protecting and promoting domestic manufacturers.
Drawing a parallel to the ‘America First’ policy of former U.S. President Donald Trump, Enoh stressed that Nigeria must prioritize its industries to fully harness its economic potential.
“We must do everything to support companies like Coleman. Their reputation for quality and efficiency is well established, and the government will continue to encourage collaboration with the industry to drive economic development,” he stated.
Stakeholders Express Optimism Over Government Initiatives
George Onafowokan, Managing Director/CEO of Coleman Wires and Cables, responded positively to the minister’s comments, expressing optimism about the future of the industry under the current administration.
“For us, it is about focusing on supportive collaboration rather than obstacles. With the minister advocating for the industry, we believe positive changes, such as fiscal policies benefiting manufacturers and sector protections, are on the horizon. This government has given us renewed hope,” Onafowokan said.
Commitment to Strengthening Local Manufacturing
Enoh reassured industry stakeholders of the government’s commitment to fostering an enabling environment for industrial growth, job creation, and economic sustainability.
“If the industry does not grow, Nigeria will not thrive. The President has demonstrated strong leadership in this area, and we will continue to support and partner with industry players like Coleman,” he added.
He further highlighted the government’s determination to strengthen local manufacturing, reduce dependence on imports, and promote ‘Made in Nigeria’ goods as competitive in the global market.
