The outgoing administration of President Goodluck Jonathan has, no
doubt, laid a good foundation for industrial take-off in the country.
The National Industrial Revolution Plan (NIRP) launched by the
administration has boosted the cement industry, raising its capacity to
over 40 million metric tons. Through the automotive policy, the
government has brought in over 21 automobile firms that have made
commitments with foreign technical partners to set up assembly
operations in the country.
The administration has also made giant strides on sugarcane
plantation and sugar production by attracting over $2.6 billion
investments into the sector.
However, like all outgoing governments, Jonathan’s administration has
left some manufacturing sector issues either unresolved or partially
resolved.
This, therefore, means that the incoming administration of Muhammadu
Buhari will also contend with a number of issues dogging the
manufacturing sector, ranging from electricity to raw materials
sourcing.
