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From Juliana Taiwo-Obalonye, Abuja
Federal Executive Council (FEC) has approved the purchase of 200 electric buses by the National Automotive Design and Development Council (NADDC).
It allocated N58 billion to the project as part of efforts to modernise Nigeria’s transport sector and boost local automotive production.
Speaking to State House Correspondents after the meeting, Minister of State for Industry, Trade and Investment, John Enoh, explained that the approval fits squarely within NADDC’s mission and the government’s broader agenda to promote clean mobility while strengthening Nigeria’s automotive industry value chain.
Enoh also revealed that the Council approved the new Nigerian Industrial Policy 2025—a strategic framework intended to steer the nation’s industrial development, drive investment, encourage innovation, and improve competitiveness.
He broke down the policy’s foundation into five key pillars: “industrial infrastructure development and competitiveness; sectoral diversification and value-chain development; investment promotion and business-environment reforms; innovation, technology and digital industrialisation; and sustainability, green growth and climate resilience.”
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Enoh said the policy’s goal is to position Nigeria as a competitive industrial hub by boosting productivity, expanding value chains, accelerating job creation and driving climate-smart, technology-enabled industrial transformation.
Pointing to additional policy actions, the minister said: “The policy seeks to position Nigeria as a competitive manufacturer, industrial hub, of course, by increasing industrial productivity and all the associated elements, enhancing job creation, promoting climate, smart and digital industrial transformation with all of that.”
He also mentioned targeted measures, including strengthening industrial clusters and special economic zones to support manufacturers, attract investments, and open new opportunities in priority sectors.
Other Ministry of Industry approvals included the design and construction of the Bank of Industry headquarters in Eko Atlantic City and internal road projects for the Lekki Medical Tourism Park.
Regarding Nigeria’s role in continental trade, Enoh noted, “Also the last of the memos, you know, was actually a note to the council to report Nigeria’s Official Selection to host the intra African trade fair.
“The second memo that also relates to industry was the approval for the award of contract for the design and Bill of project Atlantic eco, Atlantic City, Lagos.”
