Policy experts, corporate leaders and senior public officials have called for a stronger public-private collaboration to unlock the vast potential of the newly unveiled National Industrial Policy (NIP) 2025, stressing the need to move beyond policy formulation to tangible industrial output and scalable commercial growth.
The call was made at a high-level Policy Breakfast Session hosted in Lagos by leading commercial law firm, Udo Udoma & Belo-Osagie (UUBO). The event, themed “Translating Nigeria’s New Industrial Policy into Productivity: Navigating Legal & Regulatory Bottlenecks,” also marked the formal launch of the firm’s Government Relations and Public Policy (GRPP) Practice Group.
Speaking at the session, UUBO’s Senior Partner, Mr. Aniekan Ukpanah, said the establishment of the GRPP practice was driven by the need to help corporate boards navigate an increasingly complex regulatory and political environment. Reflecting on the firm’s 43-year evolution—from its early focus on oil and gas, corporate advisory and company secretarial services under its founder, Senator Udoma Udo Udoma—he noted that today’s business landscape is significantly shaped by overlapping policy and regulatory decisions.
“Our clients operate at the intersection of law, policy and politics. A policy decision taken in Abuja on a Tuesday morning can alter commercial realities in Lagos by Wednesday,” he said.
In her welcome address, the firm’s Managing Partner, Mrs. Jumoke Lambo, highlighted the growing impact of systemic bottlenecks and operational inefficiencies on corporate decision-making, noting that such challenges increasingly influence boardroom strategies, procurement renegotiations and large-scale project financing.