Tinubu’s Industrialisation Drive: “For Too Long, We Exported Raw Materials And Imported Inflation,” Enoh Says

OGUN, ABEKUTA – The Federal Government’s claim that Nigeria is reversing its dependence on imported goods under President Bola Tinubu has raised questions about whether the industrialisation drive is translating into tangible relief for citizens battling high living costs.

The Minister of State for Industry, Federal Ministry of Industry, Trade and Investment, Senator John Owan Enoh, made the assertion in a social media post sighted by Truth Live News following the groundbreaking of Lee Group’s first industrial park in Ogun State.

Enoh described the project as part of the implementation of the Nigerian Industrial Policy unveiled in February 2026, which focuses on productivity, value addition and economic transformation.

“For too long we exported raw materials and imported finished goods, jobs, and inflation. However, under President Bola Tinubu, that is being reversed,” he said.

The minister said the project demonstrated the importance of collaboration between the Federal Government, state governments and private investors in accelerating industrial development.

He also commended Ogun State Governor, Prince Dapo Abiodun, for what he described as outstanding leadership in positioning the state as Nigeria’s industrial capital.

Enoh expressed hope that the industrial park would expand local production, create value and improve the fortunes of its host community, while promoting Made-in-Nigeria products.

However, his assertion that the country is reversing its dependence on imported goods and inflation raises a broader economic question: what measurable improvements have Nigerians experienced in their cost of living?

While the groundbreaking represents a step towards expanding industrial capacity, the project’s actual impact will depend on its implementation, production output, employment opportunities and ability to reduce import dependence.