The Minister of Industry, Trade, and Investment, Jumoke Oduwole, has emphasized exports as Nigeria’s most critical pathway to economic recovery, unveiling strategic plans to maximize the country’s global trade potential.
Speaking at the “Sapphire Soirée” hosted by the World Trade Center (WTC) Abuja, Oduwole called for a unified approach between the public and private sectors to establish Nigeria as a leading force in international markets.
“Exports are the future of Nigeria. Despite current currency challenges, these hurdles present opportunities. Our local products are now more competitively priced globally, giving Nigerian businesses an export advantage,” she stated.
Focus on SMEs and Trade Opportunities
Highlighting the government’s commitment to supporting small and medium enterprises (SMEs), which she termed the backbone of the economy, Oduwole announced a 2025 agenda prioritizing SME growth in exports.
“We are dedicated to guiding SMEs through the export process. The African Continental Free Trade Agreement (AfCFTA) has removed trade barriers, enabling Nigerian businesses to expand across the continent effortlessly,” she said.
The Minister also urged entrepreneurs to explore opportunities in service exports, including fintech, edutech, and cultural industries.
“Nigerian services are highly competitive globally. With a supportive regulatory framework, businesses can generate foreign exchange while operating locally. Every entrepreneur should know they can export their services directly from Nigeria,” she added.
WTC Abuja’s 2025 Agenda
Ahmed Karim Adelaja, Vice President of WTC Abuja, echoed the Minister’s vision by unveiling a series of initiatives aimed at driving an export-oriented economy.
Key projects include: Launching a Trade Accelerator Programme to prepare businesses for global markets, Strengthening international ties through the Global Business Forum in Marseille, France, Implementing advanced security measures to make WTC Abuja the nation’s most secure commercial hub.
“At WTC Abuja, we are not just a landmark; we are Nigeria’s strategic gateway to global trade. Our mission is to attract international brands, foster innovation, and unlock opportunities for Nigerian enterprises,” Adelaja said.
The Minister praised WTC Abuja’s efforts and aligned them with President Bola Tinubu’s recent international investment missions to South Africa, France, and Brazil.
“The federal government is actively engaging foreign investors, but the private sector must complement these efforts. Together, we can create a robust ecosystem for trade and investment,” Oduwole urged.
With these strategies, Nigeria aims to solidify its position as a competitive player in global trade, leveraging exports as a tool for sustainable economic growth.
