FMITI Aims for $1 Trillion Economy by 2026 in Abuja Retreat

The Federal Ministry of Industry, Trade and Investment (FMITI) convened its 2026 Top Management Retreat in Abuja on June 22-23, 2026, with the theme focused on policy performance to drive industrial growth, trade expansion, and investment outcomes. Dr. Jumoke Oduwole, the Minister, highlighted significant achievements over the past year, including approximately $21 billion in capital imports and $6.1 billion in non-oil exports, alongside support for 115,000 micro, small, and medium enterprises (MSMEs).

The retreat outlined a four-pronged strategy for 2026 aimed at expanding demand for Nigerian products and services, strengthening domestic industrial capacity, attracting strategic investments, and leveraging artificial intelligence and digital infrastructure. Senator John Owan Enoh emphasized the importance of effective policy implementation and collaboration among stakeholders to achieve sustainable industrial growth.

The retreat underscored the need for stronger coordination across ministries to support business investors and enhance Nigeria's competitive edge in the global market.