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Tinubu links stock market rally to Nigeria’s economic health at Industrial Policy 2025 launch
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National Industrial Policy 2025 unveiled in Abuja, targets jobs, exports, value chains
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FG backs private sector, AfCFTA ambitions, vows strict implementation
President Bola Tinubu on Tuesday said the sustained rally on the Nigerian stock market reflects growing investor confidence and the improving health of the economy.
He spoke at the official launch of the National Industrial Policy 2025 in Abuja, themed “From Productivity to Policy: Implementing Nigeria’s Industrial Future.”
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Represented by Vice President Kashim Shettima, Tinubu said the performance of the Nigerian Exchange underscores the resilience of the country despite prevailing challenges.
“Anyone following the trend in the Nigerian stock exchange would be overexcited. For someone like me, I am even fascinated by the phenomenal rise in the value of stocks. Why? It is a reflection of the health of the Nigerian economy,” he said.
He added, “A friend of mine called me yesterday out of fear that his stocks increased by N1.7bn in value within 24 hours. That showed the vibrancy. Despite all the negativities, Nigeria is indeed a great nation.”
The President said the new industrial policy was designed to reposition Nigeria as a competitive industrial economy.
“To occupy more than the margins in this wave of industrial revolution, we must set up the infrastructure to compete with the rest of the world. To compete, we must first plan,” he stated.
According to him, the policy is a product of extensive consultations and introspection.
“This policy is a roadmap for re-engineering our industrial base, unlocking value across sectors and placing production, competitiveness and jobs at the centre of Nigeria’s economic strategy,” Tinubu said.
He stressed that industrialisation requires deliberate action.
“Industrialisation is not a wish you think about. It is an action you perform,” he declared.
Tinubu said the policy aligns with macroeconomic reforms and Nigeria’s trade ambitions under the African Continental Free Trade Area.
“It advances value chain development so that Nigeria moves steadily from exporting raw materials to producing finished goods,” he added.
He emphasised implementation as the cornerstone of the policy.
“This administration will measure success by the number of factories opened, the jobs created and the exports that leave our coasts bearing the mark of Nigerian excellence,” he said.
Tinubu reiterated the central role of the private sector.
“The government has no business being in business. You are the creators of wealth,” he told manufacturers.
He commended industrialists, particularly Aliko Dangote, noting that the cement sector alone paid N900bn in taxes in 2025.
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Earlier, Minister of State for Industry, Trade and Investment, John Enoh, cited the ban on raw shea nut exports as a policy success.
“In August 2025, Mr President took a difficult but necessary decision: the prohibition of the export of raw shea nuts,” he said.
Enoh noted that Nigeria previously captured less than one per cent of the $6.5bn global shea industry value.
“Today, Nigeria is no longer primarily an exporter of shea nuts. Nigeria is an exporter of shea butter. Shea butter exports increased by 250 per cent within one year,” he stated.
Also speaking, Group Managing Director of Flour Mills of Nigeria, Boye Olusanya, said the policy would accelerate investment decisions.
“What we will see is additional investment because clarity and predictability drive confidence,” he said.
Manufacturers expressed optimism that effective implementation of the policy could boost productivity, deepen value chains and reduce unemployment in Africa’s largest economy.