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Nigeria has launched a sweeping industrial policy aimed at restarting idle factories, boosting domestic manufacturing and positioning Africa?s largest economy as a competitive production hub in global supply chains. Federal authorities say the framework is designed to tackle long-standing structural weaknesses that have undermined output, including erratic power supply, limited access to long-term finance, foreign exchange volatility and infrastructure gaps. Manufacturing accounts for less than 10 per cent of gross domestic product, a level economists argue is insufficient for a country of more than 220 million people seeking to diversify away from oil. Officials describe the policy as a...