Nigeria's FG Focuses on Domestic Production to Boost Jobs

The Federal Government of Nigeria is focusing on domestic production, investment, and industrial growth to create jobs and promote sustainable prosperity. Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment, delivered a keynote address at the 2026 News Agency of Nigeria (NAN) / Nigeria Union of Journalists (NUJ) Press Week in Abuja.

The theme of the event was “Harnessing Nigeria’s Economic Potential for Greater Prosperity.” Oduwole, represented by Mrs Augustina Obilor-Duru, emphasized the importance of fiscal discipline, monetary stability, and supportive policies for production and competitiveness. She highlighted the growth in cement manufacturing by 11.53 percent and motor vehicle assembly by 5.44 percent in early 2026.

The minister acknowledged financing challenges for manufacturers and noted that the N75 billion Manufacturing Sector Fund had been fully disbursed to 104 businesses. Additionally, the MSME Intervention Fund disbursed N65.8 billion to 15,018 businesses by the first quarter of 2026.

Oduwole stated that Nigeria's Special Economic Zones have created over 20,000 direct jobs.