Abuja — Nigeria’s Minister of State for Industry, John Enoh, says key reforms under President Bola Tinubu’s administration have successfully curbed the mass closure of industries and restored investor confidence in the Nigerian economy.
Speaking on Thursday as part of activities marking the administration’s second year in office, Enoh highlighted progress in resolving major challenges that previously pushed industries to shut down or relocate from Nigeria.
According to the minister, the federal government has made tangible efforts to address longstanding issues such as unreliable power supply, poor infrastructure, bureaucratic red tape, and the overall ease of doing business.
“All those challenges were the reasons industries closed shops and left,” Enoh said. “We had thematic areas focused on power, infrastructure, affordable short-term finance, and bureaucratic bottlenecks — and we’re tackling them head-on.”
He noted that these efforts have halted the trend of factory closures and renewed optimism among industrialists.
“I can assure you that the kind of confidence this government has brought in itself has stopped the closure of industries and inspired further industrial growth,” he added.
Enoh further explained that President Tinubu’s decision to appoint a dedicated Minister of State for Industry — in addition to the Minister of Trade and Investment — demonstrates his administration’s strong commitment to revitalizing the sector.
“In two years, we’ve not had reports of industries shutting down or relocating out of the country. That’s a significant milestone,” he emphasized.
He assured that the government will continue working to strengthen business protection and support for manufacturers across Nigeria, with a view to sustaining industrial growth and economic stability.
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