FG To Provide Incentives For Local Manufacturers

Minister of State for Industry, Trade and Investment, John Enoh, has assured of President Bola Tinubu’s administration readiness to provide the necessary support and incentives to address the numerous challenges facing key industries in Nigeria to unleash the industrial revolution drive.

Enoh gave this assurance at the commencement of the Southwest leg of the nationwide Industrial Tour during which he visited select industries in Lagos and Ogun States.

Speaking at the visit to the Coleman Factory in Ogun State, Sagamu, Enoh emphasised the government’s dedication to fostering industrial growth.

The minister underscored the necessity of increased government involvement in supporting local industries, detailing ongoing efforts to finalise policies designed to protect and promote domestic manufacturers.

Drawing a parallel to the ‘America First’ policy of the U.S. President Donald Trump, he articulated that Nigeria must give priority to its industries to unlock the potential of its burgeoning population.

“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.

He further emphasised the credence of Nigerian-made goods by sharing a personal anecdote, “when we promote Made in Nigeria, it is not just a slogan, it is rooted in the quality of our products.

Years ago, a friend experienced a fire due to faulty imported cables. Upon switching to locally manufactured cables, the issues were resolved. This experience drives home the importance of promoting local industry.”

Responding to the minister’s comments, the managing director/CEO of Coleman Wires and Cables, George Onafowokan expressed optimism for 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,” he added.

Enoh reassured industry stakeholders of the government’s commitment to fostering an enabling environment for industrial growth, job creation, and economic sustainability, saying that “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 noted that “this visit highlights the government’s determination to strengthen local manufacturing, reduce dependence on imports, and promote ‘Made in Nigeria’ goods as competitive in the global market.