The overriding objective of industrial policy is to accelerate the pace of industrial development by radically increasing value-added at every stage of the value chain. Nigeria's resources will no longer, in the main, be traded in their primary state. Government will emphasize increases in Total Factor Productivity (TFP) by pursuing knowledge and skill intensive production on the basis of available best practices. Nigeria's Industrial Development strategy will encourage forward and backward linkages within a few chosen niches. Government will continue to provide the enabling environment for private sector leadership, facilitate renewal for sunset industries, and encourage innovators. It will specifically promote small and medium enterprises.