In a bold move to actualise Nigeria's $1 trillion economy target by 2030, the Federal Government hosted a Domestic Investment Summit on Monday in Abuja. Themed "Operationalising Nigeria First Policy", the event focused on mobilising local investments to drive economic transformation.
Speaking at the summit, Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, said the government was accelerating economic diversification through reforms in industrialisation, digitisation, and manufacturing.
"President Tinubu's Renewed Hope Agenda is focused on turning ambition into productivity and competitiveness," she stated.
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Oduwole revealed that non-oil exports rose by 24.75% in Q1 2025, reaching $1.79 billion. She also highlighted the development of textile parks, auto plants, and food hubs in Special Economic Zones, which are boosting local production and creating jobs.
With over $50 billion in investment commitments unlocked, the Minister affirmed that Nigeria is being repositioned as a key manufacturing hub in ECOWAS and across Africa.
Amb. Nura Rimi and CBN Governor Olayemi Cardoso, represented by Dr. Blaise Ijebor, also echoed support for the Nigeria First Policy, calling it a strategic shift to empower local businesses and attract sustainable investments.
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