Nigeria's Minister of State for Industry, John Enoh, has declared that the federal government's interventions have successfully addressed key challenges that previously forced industries to close down or relocate from Nigeria.

Speaking on Thursday during an event marking President Bola Tinubu's second year in office, Enoh highlighted the administration's progress in tackling critical issues affecting the industrial sector.

"The government has addressed issues regarding power, infrastructure, bureaucratic bottlenecks and ease of doing business," Enoh stated. "The kind of confidence that this government has brought in itself has stopped the closure of industries, has given more confidence for further industrial growth and doing more to restore confidence."

The minister emphasized that President Tinubu recognizes the industrial sector's importance to Nigeria's economy. This recognition, according to Enoh, led to his appointment to specifically oversee industry matters after the administration's first year.

No Industry Closures Under Tinubu

Enoh claimed that in the two years since President Tinubu took office, there have been no reports of industries shutting down or leaving the country. He attributed this to increased business confidence under the current administration.

"The confidence of industry owners has been boosted since Tinubu took over," he said, adding that "more efforts are being made to ensure that businesses are protected."

The minister's comments come as part of broader government messaging about economic reforms and business-friendly policies being implemented under the Tinubu administration, which recently marked its second anniversary in office.