NSW Predicts $3 Billion Investment in Nigeria by 2026

Dele Oy, chairman of the NSW, announced that the unified trade portal project is expected to generate between $2 billion and $3 billion in investments in Nigeria within the next five years. Speaking during an interview on Arise TV, Oy emphasized the significance of this initiative as a pro-business move by President Bola Tinubu's administration.

The portal aims to simplify regulatory compliance by integrating 20 government agencies, including Customs, NAFDAC, and NPA, into a single digital platform, with a go-live date scheduled for March 27, 2026. Oy noted that Nigeria has attempted to launch similar portals three times since 2009, but this current effort stands apart due to unprecedented political support.

He highlighted the importance of private sector involvement and warned against a government-centric approach that excludes private sector decision-making. The success of the NSW initiative is seen as crucial for enhancing trade efficiency and supporting Nigerian entrepreneurs amid existing economic challenges.