FMITI Reports US$6.1 Billion in Exports and ₦4.66 Trillion Investment

The Federal Ministry of Industry, Trade and Investment (FMITI) announced significant advancements in Nigeria's economic diversification efforts, with non-oil exports reaching US$6.088 billion in 2025 and investments facilitated by the Nigerian Investment Promotion Commission (NIPC) totaling ₦4.66 trillion. These developments were reviewed during a quarterly meeting of the ministry's agencies on October 14, 2026, at the Bank of Industry in Abuja.

Permanent Secretary Dr Chris Osa Isokpunwu emphasized the need for stronger institutional coordination and accountability to realize President Bola Ahmed Tinubu’s Renewed Hope Agenda. He urged agencies to focus on outcomes such as stronger industries and increased investment.

Mrs Iya Gamawa, Director of Policy, Planning, Research and Statistics, presented a report detailing the Bank of Industry's deployment of ₦1.156 trillion across all states and the Federal Capital Territory in 2024 and 2025. Additionally, the Presidential Conditional Grant Scheme benefited 987,166 individuals with ₦49.36 billion disbursed from a ₦50 billion allocation.