The Federal Government has unveiled plans to inject N800 billion into agro-processing and renewable energy as part of its National Industrial Policy 2025, signalling a renewed push to deepen value addition, expand clean energy adoption and accelerate industrial growth.
The investment plan is contained in the National Industrial Policy report launched on Tuesday by the Federal Ministry of Industry, Trade and Investment.
According to the document, between three and five per cent of Nigeria’s Gross Domestic Product will be dedicated annually to industrial development financing, marking a significant scale-up in structured support for priority sectors.
Of the proposed N800 billion allocation, N500 billion is earmarked for agro-processing to strengthen value chains, reduce post-harvest losses and promote export-oriented manufacturing, while N300 billion will be channelled into renewable energy to drive sustainable industrial power solutions.
The report further outlines plans to reinforce and recapitalise domestic development finance institutions in collaboration with continental and international partners to address long-term industrial funding gaps at single-digit interest rates.
Among the key measures is the recapitalisation of the Bank of Industry to N3 trillion by 2026, alongside an expansion of sector-specific intervention funds from N1 trillion to N3 trillion under the government’s stabilisation plan.
To ensure structured implementation, the policy introduces a five-year roadmap covering 2025 to 2030, with defined milestones focused on policy coordination, public-private partnership framework rollout, infrastructure upgrades and expanded financing for micro, small and medium enterprises.
The government said it would leverage public-private partnerships to fund major industrial projects, combining state-backed support with private-sector efficiency. In addition, the Central Bank of Nigeria is expected to develop mechanisms that encourage commercial banks to increase lending to identified priority industries.
To further de-risk lending and expand access to capital, the policy provides for the introduction of credit guarantees targeted at manufacturers, industrialists and entrepreneurs.
The ministry also disclosed plans to create an enabling environment for innovative financing instruments, including equity financing, venture and impact capital, crowdfunding and factoring, in a bid to diversify funding channels for businesses.
On the trade front, the report revealed that the government aims to onboard 1,000 new exporters into markets under the African Continental Free Trade Area (AfCFTA) by 2027.
This will involve the negotiation and implementation of bilateral and multilateral trade agreements, strengthening trade negotiation capabilities and integrating Nigerian firms into regional and global value chains.
The onboarding initiative, according to the ministry, forms part of broader efforts to enhance competitiveness in marketing and distribution while positioning local industries for stronger participation in African and global markets.
With the policy framework now launched, the Federal Government is betting on structured financing, institutional reforms and export expansion to reposition Nigeria’s industrial sector as a catalyst for inclusive economic growth
