Nigeria’s Minister of State for Industry, John Enoh, has said that President Bola Tinubu’s administration is actively addressing the major challenges that previously led to the shutdown or relocation of industries in the country.

 Minister Enoh explained that critical issues such as inadequate power supply, poor infrastructure, bureaucratic delays, and difficulties in doing business are currently being tackled by the government, helping to restore the confidence of industrial stakeholders.

“The challenges that forced many industries to shut down or relocate — including power, infrastructure, access to affordable short-term finance, bureaucratic red tape, and the overall business environment — are all being addressed,” he stated.

According to Enoh, the government's efforts have helped halt the trend of industrial closures and have fostered renewed confidence in Nigeria’s industrial sector.

He emphasized that President Tinubu understands the strategic importance of industry to the economy, which is why he appointed a dedicated Minister of State to focus solely on industrial matters, rather than merging it under a broader trade and investment portfolio. He also noted that in the past two years, there have been no reports of industries shutting down or leaving Nigeria, attributing this stability to the administration’s focused interventions.

Minister Enoh affirmed that the government remains committed to protecting and growing businesses across the country.