NESG: Industrial Policy Alone Not Enough to Achieve Industrialisation

The Nigerian Economic Summit Group (NESG) has stated that industrial policy alone cannot achieve industrialization without a coordinated policy architecture addressing foundational constraints limiting productive capacity. The NESG emphasized that industrialization should be seen as a pathway to employment, decent jobs, and poverty reduction, not just manufacturing expansion. The group noted that despite decades of industrial strategies, Nigeria still falls short of its industrialization goals. The NESG made these remarks in a report on Nigeria's economic transformation.

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