Nigeria promotes export-oriented industrialization through ¹:

Import substitution industrialization (ISI) to encourage industrial development and reduce dependence on foreign trade

Industrial policy focused on linking industrial activity with primary sector activity, domestic and foreign trade, and service activity

 Economic zones, such as the Bank of Industry (BoI), to accelerate industrial development through the provision of long-term loans, equity finances, and technical assistance to industrial enterprises

Small and Medium Industries Equity Investment Scheme to support small and medium-scale enterprises

 Science and technology (S&T) policy to promote innovation and technology transfer to local firms

Trade and financial liberalization policy to stimulate competition among domestic firms and between domestic import-competing firms and foreign firms

 National Economic Empowerment and Development Strategy (NEEDS) to promote economic development and industrialization

Nigeria Vision 2020 (NV20) to promote economic development and industrialization