The Federal Government of Nigeria has embarked on a comprehensive review of its trade and investment strategies, alongside infrastructure planning, to boost the country’s global competitiveness and attract more foreign investment.
This initiative was discussed during a high-level Economic Management Team (EMT) session held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The move reflects the administration’s commitment to creating a more investor-friendly environment through cohesive policy reform and global engagement.
A key highlight of the session was a presentation by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. She emphasized priorities such as enhancing investor retention, accelerating export diversification, and removing regulatory barriers that hinder private sector growth.
One critical issue addressed was Nigeria’s ongoing dialogue with the United States over a proposed 14% tariff on Nigerian exports. The EMT reviewed both the legal and commercial implications, including diplomatic engagements held at the U.S.-Africa CEO Forum in Abidjan.
In addition, the Minister of Transportation, Senator Said Alkali, presented an updated infrastructure plan focused on logistics improvements and project pipelines designed to streamline trade and reduce operational bottlenecks.
The EMT reaffirmed its commitment to transparent, market-driven reforms aimed at expanding non-oil exports and delivering sustainable economic growth. In his closing remarks, Edun stressed the need for unified cross-ministerial collaboration to realize these ambitious economic goals.
