Nigeria has secured a total of $50.8 billion in investment deals as of November 2024, according to the Minister of Industry, Trade, and Investment, Jumoke Oduwole. She made this disclosure on Tuesday while presenting the ministry’s achievements at a ministerial briefing in Abuja.
Speaking on trade, the minister stated that Nigeria has strengthened its position under the African Continental Free Trade Area (AfCFTA) agreement and successfully completed a World Trade Organization (WTO) review. She emphasized the ministry’s ongoing efforts to eliminate obstacles hindering investment growth through strategic collaborations with key stakeholders.
Oduwole also outlined significant reforms aimed at boosting investment and fostering economic growth. Among these initiatives is the creation of an Industrial Revolution Work Group and the launch of a National Industry Tour—both designed to evaluate and revitalize Nigeria’s industrial sector.
Highlighting the country’s progress in international trade, the minister stressed the importance of technology and job creation, with a particular focus on youth involvement in a tech-driven economy. She reaffirmed the government’s commitment to fostering an environment conducive to business expansion and industrial transformation.
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