By Our Reporter
Lagos State Government has launched its Industrial Policy for 2025 to 2030, unveiling an ambitious roadmap to transform the state into a leading industrial hub in Africa.
Speaking at the launch held on Thursday at the Intercontinental Hotels, Victoria Island, Governor Babajide Sanwo-Olu, represented by the Secretary to the State Government (SSG), Bimbola Salu-Hundeyin, described the policy as a strategic blueprint to reposition Lagos’ industrial sector for competitiveness in a rapidly evolving global economy.
Salu-Hundeyin said the policy was designed to tackle structural constraints, unlock new growth opportunities, and drive inclusive economic development across the state.
According to Governor Sanwo-Olu, Lagos must move beyond adaptation to take a leadership role in industrialisation, noting that global competitiveness is now defined by innovation, efficiency, and resilience.
He said the policy aligned with the state’s THEMES Plus development agenda, pointing out that it also supports national priorities such as industrial diversification, export growth, and job creation.
This was just as Governor Sanwo-Olu listed key pillars in the policy launched to include infrastructure development, regulatory reform, improved access to finance, workforce development, and the promotion of innovation and sustainability.
Sanwo-Olu added that the state would expand industrial clusters, improve logistics and port efficiency, and support Small and Medium-scale Enterprises (SMEs) to scale and integrate into regional and global value chains.
He also highlighted Lagos’ strategic role under the African Continental Free Trade Area, positioning the state as a gateway for trade and industrial expansion across the continent.
In a goodwill message, the Minister of State for Industry, John Owan-Enoh, commended Lagos for emerging as the first sub-national government in Nigeria to develop a comprehensive industrial policy.
Represented by Mr Tope Osinowo, the minister noted that Lagos hosts a significant share of Nigeria’s industries and urged effective implementation to sustain growth.
Earlier, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, described the policy as a "covenant" between government and the people, aimed at strengthening local production, deepening value chains, and integrating informal enterprises into the formal economy.
The commissioner said the policy, developed through extensive stakeholder consultations, was designed to deliver practical outcomes across sectors, from small cooperatives to large-scale industries.
Ambrose-Medebem called on investors and development partners to support the initiative, assuring that Lagos remained committed to providing an enabling environment for industrial growth.
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