The measures include tariff adjustments on selected industrial inputs and broader efforts to strengthen coordination between fiscal, trade and monetary policy frameworks.
Officials say the reforms are intended to support domestic manufacturing capacity, improve industrial productivity and reduce exposure to external economic shocks.
The policy move comes as many emerging economies increasingly adopt more interventionist industrial strategies in response to global trade fragmentation and supply chain restructuring.
Analysts say Nigeria’s success will depend largely on implementation and complementary reforms across infrastructure, logistics and foreign exchange stability.
While fiscal incentives may support industrial activity, businesses continue to identify power supply, transport infrastructure and regulatory consistency as major operational constraints.
