The Federal Ministry of Industry, Trade, and Investment has reiterated its dedication to fostering a competitive private sector to drive economic growth, wealth creation, and job opportunities in Nigeria.
Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, emphasized the government’s focus on policy-driven reforms that enhance business efficiency and improve the investment climate. She highlighted the ministry’s role in ensuring a sustainable economic framework that supports private sector participation.
Minister of State, Senator John Enoh, stressed the importance of strong trade expansion strategies and investment promotion. He noted that boosting Nigeria’s global trade presence requires targeted policies and enhanced market access.
The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Princess Audu, introduced the Reform Impact Assessment (RIA) framework, designed to measure the effectiveness of business reforms. The initiative aims to enhance regulatory efficiency, streamline processes, and ensure predictability in the business environment.
Similarly, Ambassador Yonov Agah, Director-General of the Nigerian Office for Trade Negotiations (NOTN), underscored the need for a robust national trade policy framework. He stated that reducing trade barriers and strengthening market access would improve Nigeria’s global competitiveness and economic resilience.
The ministry’s renewed commitment aligns with the government’s broader economic agenda to create a conducive environment for businesses to thrive, attract foreign investments, and enhance Nigeria’s position in global trade.
