The Lagos State Government is set to launch its Industrial Policy (2025–2030) on Thursday, outlining plans to position Lagos as a leading industrial and manufacturing hub in Africa.
The Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, disclosed this during a press briefing held in Alausa, Ikeja, on Monday.
She said the policy would be formally unveiled on April 30 at the Lagos Continental Hotel.
Ambrose-Medebem explained that the document was developed after extensive stakeholder consultations and data-driven analysis, aligned with global standards for industrial development and sustainable economic growth.
Describing it as the state’s most comprehensive industrial agenda yet, she noted that the policy would provide a structured framework for economic diversification, reduction in import dependence and increased value addition across key sectors.
“Within 72 hours, Lagos will launch its Industrial Policy 2025–2030, committing stakeholders to a clear and actionable roadmap for industrial transformation,” she said.
The commissioner stated that the initiative is anchored on the development agenda of Governor Babajide Sanwo-Olu, emphasising strategic planning, effective execution and public-private sector collaboration.
She added that mechanisms had been built into the policy to ensure continuity and coordination beyond political transitions.
According to her, Lagos continues to play a central role in Nigeria’s economy, contributing significantly to industrial output, trade and non-oil revenue generation.
Ambrose-Medebem identified priority sectors under the policy to include agro-processing, manufacturing, the creative economy, healthcare, the blue economy and digital trade.
She said the sectors were selected based on their potential to create jobs, boost exports and drive inclusive growth.
The commissioner further noted that the policy outlines timelines to address key constraints such as infrastructure deficits, regulatory bottlenecks and supply chain challenges.
She added that sustainability considerations had been integrated into the framework to promote environmentally responsible industrialisation.
Ambrose-Medebem also disclosed that the N10bn Lagos State Government–Bank of Industry MSME financing scheme was already underway, with initial disbursements expected soon.
She announced that the Invest in Lagos Summit 3.0 has been scheduled to hold on June 8 and 9.
