Industry & Investment

Vision

The Department of Industry and Investment aspires to be a leading force in the economic transformation of the State by promoting industrialization and attracting sustainable investments that contribute to job creation, economic diversification, and global competitiveness. Through the development of an inclusive and competitive industrial sector, the Department aims to enhance the State’s industrial output and position it as a key player in the global economy.

Mission

The Department’s mission is to foster an enabling environment for industrial growth and investment, support the development of a robust industrial base, and encourage the diversification of the economy through targeted investments in key sectors. This is achieved by providing policy direction, developing infrastructure, facilitating investment, and fostering industrial innovation and sustainable practices.

Key Functions of the Department

• Promotion of Industrial Growth: Developing and implementing strategies for industrial expansion, modernization, and diversification. Encouraging the establishment of new industries in key sectors such as manufacturing, technology, agriculture, and energy. Supporting the growth of Small and Medium-sized Enterprises (SMEs) through grants, funding schemes, and infrastructure support.
• Investment Attraction and Facilitation: Promoting the country as an attractive investment destination by developing investment policies and incentives for both local and international investors. Coordinating investment initiatives, such as investment summits, trade missions, and investor roadshows. Assisting investors with the necessary regulatory approvals, permits, and licenses to ensure smooth establishment and operation of investments. Providing a platform for public-private partnerships (PPPs) aimed at large-scale industrial projects.
• Policy Development and Industrial Regulation: Formulating policies to drive industrial development while ensuring compliance with global trade standards. Conducting regular reviews of industrial policies to meet the evolving needs of industries and the investment climate. Working with other agencies to ensure that industries comply with local and international regulations, including environmental standards, labor laws, and safety guidelines.
• Industrial Capacity Building: Organizing training and capacity-building programs to upgrade skills in the industrial sector, especially for entrepreneurs and workforce development. Supporting research and development (R&D) to foster innovation and increase the competitiveness of industries. Encouraging the adoption of modern technologies and best practices across industries to improve productivity and efficiency.
• Industrial Infrastructure Development: Facilitating the creation of industrial parks, special economic zones (SEZs), and industrial clusters to boost manufacturing and industrial output. Developing and improving critical infrastructure, including power, transport, and logistics systems, to support industrial activities. Coordinating with local governments and private sector partners to ensure the availability of industrial land and necessary utilities.
• Export Promotion and International Trade Relations: Supporting the export sector by facilitating trade agreements, removing trade barriers, and promoting Made-in-Nigeria goods. Building and strengthening trade relations with other countries, creating new markets for locally produced goods and services. Monitoring global market trends to provide timely information and opportunities to local industries.
• Sustainability and Environmental Impact: Promoting sustainable industrial practices by encouraging the use of clean energy, waste reduction, and environmentally friendly technologies. Collaborating with environmental agencies to ensure industries meet environmental compliance standards. Supporting industries in their transition to greener technologies and practices that reduce their carbon footprint.
• Investment Monitoring and Evaluation: Monitoring the performance of both local and foreign investments to ensure that they are meeting agreed-upon terms, including economic impact, job creation, and sustainability. Providing continuous support to investors through aftercare services, ensuring that their investments grow successfully within the national framework. Evaluating the effectiveness of investment policies and industrial programs, ensuring that they are delivering tangible benefits to the economy.

Other functions include:

• Coordinates the activities of Small and Medium Scale Enterprises (SMSEs).
• Process for granting of soft loans to Small Scale Entrepreneurs through the Small Scale Revolving Scheme of the Ministry.
• Facilitate the process for the establishment of Dangote Projects (sugar, rice, and coal) in the State.
• Initiate the process for provision of Industrial Layouts across the State.
• Oversees and advises where necessary on the activities of Nasarawa Investment and Property Development Company (NIPDC), Limited.
• Oversees Government-owned industries transferred to NIPDC, Ltd.
• Initiate and facilitate the process for the collection of Haulage Fees.
• Promote entrepreneurship development programme for value addition.
• Facilitate the process for the State to key into BOI and CBN-SME Fund programme.
• Represent the Ministry in the Board of NADP, Lafia.
• Represent State in the Technical Advisory Committee (TAC) of the North Central CBN-EDC established in Makurdi.
• Coordinate/Carry out exhibition of SME products in local or foreign exhibitions.
• Oversee and promote the activities of NGO Bodies NASSI, NASME, MAN, etc.
• Liaises with the following Federal Ministries and Parastatals: Industry, Trade and Investment, Science and Technology, Small and Medium Enterprises Development Agency (SMEDAN), Raw Materials Research and Development Council (RMRDC), Nigeria Investment Promotion Council (NIPC), Standard Organization of Nigeria (SON), BOI, CBN, etc.

The functions outlined above are categorized into three core activities, which the Department of Industry and Investment diligently executes with dedication and expertise. Explore the Cards below to learn more about each area: