NIGERIA’S Minister of State for Industry, John Enoh, has stated that President Bola Tinubu’s administration has effectively addressed key challenges that previously forced industries to shut down or exit the country.
Speaking on the government’s progress, Enoh highlighted ongoing efforts to resolve long-standing issues such as power supply, infrastructure gaps, limited access to affordable finance, bureaucratic red tape, and difficulties in doing business.
According to him, these interventions have restored confidence among industrial players.
“All the factors that once pushed industries out—power, infrastructure, short-term finance, and regulatory hurdles—are now being addressed,” the minister said. “As a result, no industries have closed or relocated in the past two years, and confidence in Nigeria’s industrial sector is steadily growing.”
He credited this renewed optimism to the government’s commitment to improving the business environment and noted that President Tinubu, recognizing the crucial role of the industrial sector in economic growth, appointed a dedicated minister to focus solely on industry-related matters—rather than placing it under a broader trade and investment portfolio.
Enoh reaffirmed that since the start of Tinubu’s administration, industrial activities have stabilized, with no reports of companies exiting the country.
He added that ongoing government efforts aim to further strengthen and protect the industrial sector.