Dele Oye: New Industrial Policy Must Deliver For Struggling SMEs, Not Gather Dust.
Dele Oye says Nigeria’s industrial policy must deliver practical support for struggling SMEs instead of producing more policy documents.
Chairman, Alliance for Economic Research and Ethics (AERE), Hon. Dele Oye, has warned that Nigeria’s ambitious Industrial Policy (NIP2025) may fail to achieve its desired objectives unless government shifts its focus from policy formulation to disciplined implementation.
In a statement on Monday, Oye commended the federal government’s renewed industrialisation drive, but said what Nigerian businesses urgently required was not another comprehensive policy document, but faithful execution of existing commitments capable of addressing the daily realities confronting millions of small businesses.
The industrial policy framework, the brainchild of Minister of State for Industry, Senator John Owan Enoh, was launched by President Bola Tinubu in February.