Abuja, Nigeria – The Nigerian government has outlined its achievements in trade and investment over the last 100 days, beginning from November 2025, as part of its commitment to realizing President Bola Ahmed Tinubu’s Eight-Point Agenda. Key goals include attracting $50 billion in foreign direct investment (FDI) and effectively implementing the African Continental Free Trade Agreement (AfCFTA).
Minister of Trade and Investment, Jumoke Oduwole, disclosed this during a ministerial press briefing on Tuesday. She emphasized the government’s strategic focus on boosting exports, reducing production costs, and facilitating trade and investment across the continent.
“Our work in the ministry since November—we are working with the Central Bank of Nigeria (CBN) on the implementation of AfCFTA and other initiatives. We are very strategic in prioritizing exports and AfCFTA,” Oduwole stated. “We are committed to encouraging the export of our quality products across Africa and reducing the cost of production for Nigerian businesses. Our job is to facilitate trade and investment. We are looking at direct cargo flights across Africa for our traders to bring down the cost of production.”
Senator John Enoh, the Minister of State for Trade and Investment, highlighted the establishment of the Industrial Work Group, which has been instrumental in protecting local manufacturers from smuggling. He revealed that the government has provided N200 billion in interventions to support manufacturers and is working on initiatives to ensure direct access to gas, thereby reducing production costs and fostering a viable economy.
“The inauguration of the Industrial Work Group has helped protect local manufacturers against smuggling. We have supported manufacturers with N200 billion in interventions. We are also working on an initiative to ensure that manufacturers get gas directly to cut production costs and build a viable economy,” Enoh explained.
Meanwhile, the Minister of Information and National Orientation, Mohammed Idris, underscored the significance of President Tinubu’s signing of the N54.99 trillion budget, describing it as a testament to the administration’s dedication to economic growth. He expressed optimism that 2025 will be a transformative year for Nigeria, with the benefits of Tinubu’s programs already becoming evident.
“We are already seeing it in the drop in food prices. The federal government remains committed to the implementation of the 2025 budget,” Idris stated.
The government’s efforts to enhance trade, investment, and economic stability have been widely applauded, with stakeholders expressing hope that these initiatives will drive sustainable growth and improve the livelihoods of Nigerians. As the administration continues to implement its agenda, the focus remains on creating an enabling environment for businesses, boosting exports, and positioning Nigeria as a key player in the African Continental Free Trade Agreement.