Lagos will launch its Industrial Policy (2025–2030) on Thursday, outlining a strategy to position the state as Africa’s leading industrial and manufacturing hub.

Folashade Ambrose-Medebem, the commissioner for commerce, cooperatives, trade and investment, disclosed this at a press conference in Alausa, Ikeja, on Monday. Ms Ambrose-Medebem disclosed that the official policy launch would take place on April 30 at the Lagos Continental Hotel, Victoria Island.

She said the policy reflected months of stakeholder consultations, data-driven analysis and alignment with global best practices in industrial planning and sustainable economic growth.

Ms Ambrose-Medebem described the document as the most ambitious industrial agenda ever conceived by the Lagos government.

“Within 72 hours, Lagos will launch its Industrial Policy 2025–2030, committing stakeholders to a coherent and actionable plan for industrial transformation,” she said.

She noted that the policy provided a clear roadmap for economic diversification, reduced import dependence and increased value addition across critical sectors of the state’s economy.

Ms Ambrose-Medebem said the initiative was driven by Gov. Babajide Sanwo-Olu’s leadership and aligned with his THEMES Plus development agenda.

“The governor insists on strategic planning, disciplined execution and strong public-private collaboration as foundations for sustainable prosperity,” she said.

Ms Ambrose-Medebem added that policy continuity and institutional coordination would be prioritised to ensure that implementation remains consistent beyond political cycles.

The commissioner noted that Lagos remained Nigeria’s economic backbone, contributing significantly to industrial output, trade expansion and non-oil revenue generation.

Ms Ambrose-Medebem said Lagos’ large population, coastal advantage and entrepreneurial culture positioned it uniquely for industrial expansion and regional economic leadership.

According to her, the policy targets agro-processing, manufacturing, the creative economy, healthcare, the blue economy, and digital trade as priority sectors.

Ms Ambrose-Medebem explained that these sectors were selected based on their job-creation potential, export capacity, and ability to stimulate inclusive and sustainable growth.

“The policy addresses constraints to industrial growth, with timelines to tackle infrastructure, regulatory and supply chain challenges,” she said.

Ms Ambrose-Medebem noted that sustainability had been embedded within the policy framework to ensure environmentally responsible industrialisation.

“The N10 billion LASG-BoI MSME financing initiative is underway, with initial disbursements expected within weeks,” she said.

Ms Ambrose-Medebem announced the Invest in Lagos Summit 3.0 had been scheduled for June 8 and June 9.

(NAN)