The Nigerian government has reeled out achievements in trade and investment in the country over the last 100 days, starting from November 2025.......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
The government reiterated its commitment to achieving President Bola Ahmed Tinubu’s Eight-Point Agenda, ensuring the realization of $50 billion in foreign direct investment into Nigeria and implementing the African Continental Free Trade Agreement, AfCFTA.
Minister of Trade and Investment, Jumoke Oduwole, made this known at the ministerial press briefing on Tuesday.
“Our work in the ministry since November—we are working with the CBN on the implementation of AfCFTA and other initiatives. We are very strategic in prioritizing exports and AfCFTA,” she said.
“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,” she added.
On his part, the Minister of State for Trade and Investment, Senator John Enoh, said the inauguration of the Industrial Work Group has helped protect local manufacturers against smuggling.
According to him, the government has supported manufacturers with N200 billion in interventions.
He noted that the government is working on an initiative to ensure that manufacturers get gas directly to cut production costs and build a viable economy.
Also, the Minister of Information and National Orientation, Mohammed Idris, said that the signing of the N54.99 trillion budget by President Tinubu’s administration is a testament to its commitment to economic growth.
According to him, 2025 is a year of transformation in which Nigeria will yield the benefits of Tinubu’s programs.
“We are already seeing it in the drop in food prices.
“The federal government remains committed to the implementation of the 2025 budget,” he stated.