Nigeria Secures $24.1bn Investment to Boost Exports

The Federal Government of Nigeria announced over $24.1 billion in investments, including $6.1 billion dedicated to enhancing non-oil exports, as disclosed by Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwolu. This announcement was made during a statement issued on Tuesday in Abuja, where she represented the Permanent Secretary, Dr. Chris Isokpunwu, at the 17th National Council on Industry, Trade, and Investment held in Enugu.

Oduwolu described the council session as crucial for assessing progress and planning the next phase of Nigeria's industrial trade and investment agenda. Key reforms identified include operationalizing the National Single Window for trade facilitation and implementing the African Continental Free Trade Area (AfCFTA).

The minister urged delegates to develop evidence-based recommendations and foster collaboration between the government and the private sector. Additionally, Mr. Iya Gamawa reported significant progress on 22 resolutions adopted in previous sessions, including digitizing trade facilitation and supporting micro, small, and medium enterprises (MSMEs).