The Lagos state government has launched a 5-year industrial policy, from 2025 to 2030 to transform the state into a leading industrial hub in Africa.
Speaking at the launch held at Intercontinental Hotels, Victoria Island, the state governor, Babajide Sanwo-Olu, represented by the Secretary to the State Government, Bimbola Salu-Hundeyin, described the policy as a strategic blueprint to reposition Lagos’ industrial sector for competitiveness in a rapidly evolving global economy.
He said the policy is designed to tackle structural constraints, unlock new growth opportunities, and drive inclusive economic development across the state.
The governor said Lagos must move beyond adaptation to take a leadership role in industrialisation, noting that global competitiveness is now defined by innovation, efficiency and resilience.
The policy, he said, aligns with the state’s THEMES Plus development agenda and the Lagos State Development Plan, also supports national priorities such as industrial diversification, export growth, and job creation.
Key pillars in the policy launched include infrastructure development, regulatory reform, improved access to finance, workforce development, and the promotion of innovation and sustainability.
Sanwo-Olu added that the state will expand industrial clusters, improve logistics and port efficiency, and support small and medium-scale enterprises to scale and integrate into regional and global value chains.