The federal government has reiterated its commitment to reducing the cost of transporting goods and services across air, land, and sea to enhance production and expand trade.
Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this at a ministerial briefing organized by the Ministry of Information and Cultural Orientation in Abuja.
She highlighted plans to introduce direct cargo freight across Africa, aiming to lower freight costs and facilitate smoother trade for Nigerian businesses.
"We are working on direct cargo freight solutions to support our traders. Lowering transport costs is key to driving trade and economic growth," Oduwole stated.
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The minister also emphasized ongoing collaborations with Independent Power Producers (IPPs) to enhance electricity supply, fostering a better business environment.
Additionally, the ministry is working with Nigeria Customs and Immigration to streamline tariff schedules and trade processes, ensuring seamless cross-border transactions.
Oduwole reaffirmed the government's efforts to attract investment, enhance transparency, and improve business processes through partnerships with over 50 federal agencies.
She noted collaborations with key ministries, including Agriculture, Arts and Culture, and Digital Economy, to drive trade and industry growth.
"Our goal is to create a thriving business environment that supports investment, industry, and trade," she added.
