President Tinubu’s Global Engagements Unlock $50.8 Billion in Investments—Dr. Jumoke Oduwole

The Honourable Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole

At the third edition of the Ministerial Press Briefings held yesterday at the National Press Centre, the Honourable Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, and the Honourable Minister of State for Industry, Senator John Owan Enoh, outlined key achievements of President Bola Ahmed Tinubu’s administration in driving investment and industrial transformation.

Dr. Oduwole announced that President Tinubu’s international diplomatic and business engagements have yielded over $50.8 billion in investment commitments, reinforcing Nigeria’s position as a prime investment hub in Africa.

She highlighted significant milestones achieved within the administration’s first 100 days, including:

• Trade Expansion Under AfCFTA: Nigeria has made progress in leveraging the African Continental Free Trade Agreement (AfCFTA) to strengthen regional trade ties and economic growth.
• Renewable Energy and Sustainability: The government remains committed to green energy initiatives as part of long-term economic development goals.
• Landmark Investment Initiatives: Nigeria is being repositioned as a leading investment destination, with the establishment of the Industrial Revolution Work Group (IRWG) playing a crucial role in policy formulation.

Speaking on the importance of the Industrial Revolution Work Group (IRWG), Senator John Owan Enoh described its inauguration as a defining moment for Nigeria’s industrial sector.

According to him, the IRWG is poised to revolutionize the Nigeria Industrial Revolution Plan (NIRP) by fostering a modern, innovation-driven economy. He noted that the IRWG would:

• Identify potential risks and challenges in the industrial sector, enabling proactive risk management.
• Utilize industry trend analysis to provide predictive insights for strategic planning and policymaking.

With these initiatives, the Tinubu administration aims to create a business-friendly environment, ensuring sustainable economic growth and reinforcing Nigeria’s role as an investment powerhouse in Africa.

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