Lagos State Governor Babajide Sanwo-Olu has officially launched the Lagos State Industrial Policy (LSIP) 2025-2030, a strategic blueprint aimed at positioning the state as a 21st-century industrial hub in Africa. The policy was unveiled yesterday by the Ministry of Commerce, Cooperatives, Trade and Investment, with the governor represented by the Secretary to the State Government, Abimbola Salu-Hundeyin.
Policy Objectives and Framework
The LSIP is designed to leverage Lagos State's human capital and market scale while confronting binding constraints that have hindered industrial growth. Governor Sanwo-Olu emphasized that the policy is policy-led, framework-driven, and institutionally grounded, drawing lessons from successful models such as Ethiopia's industrial parks and Vietnam's special economic zones.
Federal and State Collaboration
Minister of Industry, Trade and Investment, John Owan Enoh, expressed delight at the launch, noting that Nigeria's industrial drive can only be achieved through bold and coordinated actions at both federal and subnational levels. He commended Lagos State for taking a proactive step in industrialization.
Support for MSMEs
Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, stated that the LSIP addresses basic infrastructure needed to drive industrialization. President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, highlighted that the policy differentiates capacity requirements for each MSME, ensuring targeted support. MAN's Director-General, Segun Ayi-Kadir, noted that Nigeria lacked a comprehensive industrial policy for over 60 years, but with the national policy now in place, it trickles down to subnational governments.
National Vice-President of the Nigerian Association of Small-Scale Industrialists, S.T. Kuti-George, added that the right industrial policy helps prioritize sectors, improve industrial capacity, and drive competitiveness regionally and internationally.
COWLSO School Community Project 3.0
In a related development, the Committee of Wives of Lagos State Officials (COWLSO) presented educational materials and infrastructure to 24 selected public schools across Lagos State. The event, held at Lagos House, Ikeja, was part of the COWLSO School Community Project 3.0.
Investment in Education
Coordinator of the COWLSO Schools Committee and retired Permanent Secretary, Mrs. Anike Adekanye, said the initiative reflects a deliberate commitment to inclusive education and improved learning environments. Project 3.0 commenced on July 17, 2024, following an engagement at Pacelli School for the Blind, and has since focused on addressing infrastructure gaps and supporting students with special needs.
First Lady of Lagos State, Dr. Ibijoke Sanwo-Olu, stated that the 2026 phase of the project involved an investment of N124,457,000 in 24 schools, underscoring the government's dedication to educational development.
