FG Lauds State, Says Plan Aligns With National Industrial Policy.
The Lagos State Government has unveiled its Industrial Policy 2025–2030, a five-year blueprint to position the state as a 21st-century industrial hub driven by technology, green growth, and broad-based development.
Speaking at the launch on Victoria Island, Governor Babajide Sanwo-Olu said the Lagos State Industrial Policy, LSIP, will ensure rapid urbanization is matched with technology-led production systems, modern supply chains, and stronger competitiveness.
“By 2030, Lagos envisions a thriving, inclusive and green industrial economy that is structurally capable of sustaining productivity-driven growth and delivering broad-based benefits for residents,” the Governor said.
Sanwo-Olu, who was represented by Secretary to the State Government Abimbola Salu-Hundeyin, urged the private sector to partner with government to actualize the plan. He expressed optimism that the LSIP would connect development objectives to institutional reforms, investment rules, spatial planning decisions and a predictable implementation pathway.”
Minister of State for Industry, Trade and Investment, John Enoh, described Lagos as the commercial heartbeat of the country commending the initiative.
The Minister who was represented by Engineer Temitope Osinowo, said “the LSIP aligns with the domestication of the National Industrial Policy”.
Speaking earlier on Human Capital, Market Scale, the Commissioner for Commerce, Cooperatives, Trade and Investment, Folasade Bada-Ambrose, said the policy is a strategic blueprint to leverage Lagos’ human capital and market scale.
“It will strengthen the enabling environment necessary for enterprise growth and investment,” she said.”With an estimated 25 million residents, Lagos accounts for thirty percent of Nigeria’s Gross Domestic Product valued at forty trillion Naira as of 2023, according to state data”.
