The Federal Ministry of Industry, Trade and Investment (FMITI) has outlined an audacious agenda to accelerate industrial growth, expand trade and attract more investments, as Nigeria seeks to deepen economic diversification and strengthen its position in regional and global markets.
Speaking at the ministry’s 2026 Top Management Retreat in Abuja on Monday, the Minister of Industry, Trade and Investment, Jumoke Oduwole, said the focus of government efforts had shifted from policy formulation to measurable economic outcomes, stressing the need for stronger implementation, collaboration and performance tracking across the ministry and its agencies.
Oduwole said the ministry recorded significant milestones in 2025, with total capital importation reaching approximately $21 billion within the first 10 months of the year, while non-oil exports exceeded $6.1 billion.
She added that intra-African trade reached about N4.82 trillion in the first half of the year, reflecting growing momentum in Nigeria’s trade and investment landscape.
According to her, more than 115,000 micro, small and medium enterprises (MSMEs) accessed grants, loans and trade finance through interventions coordinated by the Bank of Industry, the Nigerian Export-Import Bank (NEXIM) and the Nigerian Export Promotion Council (NEPC).
