{"id":149305,"date":"2025-11-27T16:02:59","date_gmt":"2025-11-27T15:02:59","guid":{"rendered":"https:\/\/thepublicpulse.ng\/?p=149305"},"modified":"2025-11-27T16:05:31","modified_gmt":"2025-11-27T15:05:31","slug":"edun-charts-path-to-economic-revival-as-folay-industries-scales-up-local-manufacturing","status":"publish","type":"post","link":"https:\/\/thepublicpulse.ng\/?p=149305","title":{"rendered":"Edun Charts Path to Economic Revival as Folay Industries Scales up local Manufacturing"},"content":{"rendered":"<p>Edun Charts Path to Economic Revival as Folay Industries Scales up local Manufacturing<\/p>\n<p style=\"text-align: left;\">In a significant boost to Nigeria&#8217;s economic diversification efforts, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the Federal Government&#8217;s commitment to supporting private-sector investments that drive industrialisation, deepen supply chains, and create sustainable employment.<\/p>\n<p>This commitment was underscored during a meeting held in his office in Abuja with executives from Folay West African Limited, where the company outlined its expansion plans to boost Nigeria\u2019s manufacturing capacity and strengthen the agricultural value chain.<\/p>\n<p>Folay Industries, a fully Nigerian-owned FMCG company operating from the Lekki Free Zone, has invested more than \u20a611 billion in local production, sourcing grains domestically and creating jobs through backward integration.<\/p>\n<p>The company is among a growing group of indigenous manufacturers replacing imports with competitive, made-in-Nigeria products. The Honourable Minister, who welcomed the progress, noted that initiatives like Folay Industries represent the shift toward value-added production \u2014 a critical priority for economic diversification and long-term growth.<\/p>\n<p>According to Finance Ministry&#8217;s Director of Information and Public Relations, Mohammed Manga, the meeting between HM Edun and Folay Industries&#8217; leadership demonstrates the Federal Government&#8217;s unwavering support for the manufacturing sector.<\/p>\n<p>As Nigeria continues to navigate the complexities of economic diversification, such partnerships with the private sector will be crucial in driving growth, creating jobs, and building a resilient economy, positioning the country for a brighter future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Edun Charts Path to Economic Revival as Folay Industries Scales up local Manufacturing In a significant boost to Nigeria&#8217;s economic diversification efforts, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the Federal Government&#8217;s commitment to supporting private-sector investments that drive industrialisation, deepen supply chains, and create sustainable [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":149306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,18,20],"tags":[2534,2535,166],"class_list":{"0":"post-149305","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-news","9":"category-the-nation","10":"tag-folay-industries","11":"tag-private-sector-investments","12":"tag-wale-edun"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Edun Charts Path to Economic Revival as Folay Industries Scales up local Manufacturing - The Public Pulse<\/title>\n<meta name=\"description\" content=\"In a significant boost to Nigeria&#039;s economic diversification efforts, the Honourable Minister of Finance and Coordinating Minister of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepublicpulse.ng\/?p=149305\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edun Charts Path to Economic Revival as Folay Industries Scales up local Manufacturing - The Public Pulse\" \/>\n<meta property=\"og:description\" content=\"In a significant boost to Nigeria&#039;s economic diversification efforts, the Honourable Minister of Finance and Coordinating Minister of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepublicpulse.ng\/?p=149305\" \/>\n<meta property=\"og:site_name\" content=\"The Public Pulse\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-27T15:02:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-27T15:05:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thepublicpulse.ng\/wp-content\/uploads\/2025\/11\/IMG-20251127-WA0108.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Njoku G. 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