Nigeria's Minister Addresses Investment Ecosystem Gaps

Dr. Jumoke Oduwole, the Minister of Industry, Trade and Investment, admitted that gaps persist in Nigeria's investment ecosystem, which are slowing down investment inflows.

This acknowledgment came during a meeting with the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) in Abuja, where the need for improved investment climate was discussed. Maryam Yusuf, head of the commission, recognized progress but noted that further efforts are required to address these gaps.

Oduwole highlighted the importance of stronger coordination across government institutions to enhance service delivery. Concerns were raised regarding delays in the company registration process, which can take two to three weeks, making Nigeria less competitive in the global market.

The RMAFC indicated a shift in focus to support policy initiatives that drive investment inflow and improve revenue generation. Oduwole reaffirmed the ministry's commitment to reforming the investment process and collaborating with RMAFC to strengthen Nigeria's investment framework.