The Minister of Industry, Trade and Investment, Jumoke Oduwole, has admitted that gaps persist in Nigeria’s investment ecosystem, as the Revenue Mobilisation Allocation and Fiscal Commission flagged bureaucratic bottlenecks slowing investor inflows.
Oduwole made the admission during a meeting with a delegation of the commission in Abuja, where both sides discussed the need to improve the country’s investment climate.
The disclosure was contained in a statement issued on Monday by the commission’s Head of Information and Public Relations Unit, Maryam Yusuf.
“We acknowledge that while progress has been made, there are still gaps that need to be addressed,” the minister said, adding that the President had directed stronger coordination across government institutions to improve service delivery.
The commission had earlier raised concerns over delays in key investment processes, particularly company registration, warning that Nigeria risks losing capital to more efficient jurisdictions.
