Policy implementation hindering Nigeria’s industrial growth – BATN

Photo: Honorable Commissioner for Commerce, Trade and Investment, Lagos State, Mrs. Folashade Bada Ambrose-Medebem (5th Right); Director, Corporate & Regulatory Affairs, BAT Nigeria, Ruth Owojaiye (6th Left) and other dignitaries at the Businessday Manufacturing Association of Nigeria (MAN) conference held in Lagos recently.

BAT Nigeria has called for stronger and more effective implementation of existing industrial policies, arguing that Nigeria’s manufacturing challenges stem less from the absence of policy frameworks and more from weak execution that continues to limit investment, productivity, and overall economic growth. In a statement made available on Monday, speaking during a high-level panel session titled “Fixing the Structural Barriers Holding Nigerian Manufacturing Back” at the BusinessDay Manufacturing Conference 2026, themed “Manufacturing Nigeria’s Future: Jobs, Competitiveness & Industrial Prosperity,” the Director of Corporate & Regulatory Affairs at BATN, Ruth Owojaiye, said Nigeria already has several well-developed industrial policies, including the recently introduced Nigeria Industrial Policy, but their effectiveness depends on proper implementation. She stressed that the core challenge is not policy formulation but execution. “The challenge facing Nigeria today is not policy formulation; it is policy execution. We have numerous frameworks designed to support manufacturing, investment and industrial growth. The real question is how quickly and effectively we can translate these policies into tangible outcomes,” she said. Owojaiye identified inadequate electricity supply as one of the most significant constraints facing manufacturers, noting that Nigeria’s persistent energy deficit continues to undermine productivity and competitiveness. She explained that while the country requires an estimated 100,000 megawatts of electricity to effectively power its economy, it currently generates only about 4,000 to 5,000 megawatts. According to her, this shortfall forces many manufacturers to rely on self-generated power, significantly increasing production costs and limiting expansion opportunities, particularly for small and medium-sized enterprises that lack the resources to invest in alternative energy solutions. She cited BAT Nigeria’s own investments in energy alternatives, including its transition to 100 per cent Compressed Natural Gas (CNG) operations and the deployment of a 1.4-megawatt solar power system, as examples of efforts to improve operational resilience. However, she noted that such investments remain out of reach for many loc