The Federal Government has reiterated its commitment to strengthen Industrial Capacity, to foster Trade and Investment Opportunities for Local and International Stakeholders.
Jumoke Oduwole, Minister of Industry, Trade and Investment, said this when she featured at the Ministerial Briefing, organised by the Ministry of Information and National Orientation on Tuesday in Abuja.
Oduwole said that the Ministry was committed to ensuring Transparency, Accountability and Inclusive Governance in shaping the Progress of the Country.
She said that the Government recently approved the 2025 Budget valued at N54.99trn, adding that it was the largest in the Nigerian History.
“The Budget is designed to drive Economic Growth, enhance National Security, develop Critical Infrastructure and strengthen Human Capital.
“It serves as a Blueprint for Economic Resilience and Social Progress. It is a renewed focus on Security, Education, Healthcare, Agriculture and Industrial Development.
“These underscores the Administration’s commitment to National Prosperity,” she said. .
According to Oduwole, the 2025 Budget is more than just a Financial Plan.
“It is a Declaration of Intent; it reflects our unwavering commitment to Economic Stability, Social Development and National Progress.
“Already, its impact is becoming evident, with a gradual reduction in Food Prices, providing much needed Relief to Nigerians,” she said.
Oduwole said that the Ministry inaugurated an Industrial Revolution Work Group, adding that the essence was to accelerate Nigeria’s Industrial Revolution.
“The Work Group has some Technical Teams dedicated to resolving Critical Industrial Bottlenecks and resolving Long-Term Strategies for Sectoral Growth.
“The Ministry also had the privilege of having a successful World Trade Organisation (WTO) Trade Review in November 2024 as well.
”This Review happens once every seven years and it is an important Trade Review. We use it as an opportunity to hear what the World feels about the Economy of various Countries,” she said.
Oduwoles said that African Bank had set up a Payment System which would ensure that Traders could trade in their Local Currencies.
She said that the Process would allow Nigerian Traders transact Businesses in Naira across the Continent.
Credit NAN: Texts excluding Headlines
