The Federal Government says the implementation of President Bola Tinubu’s Renewed Hope Agenda has attracted more than $24.1 billion in capital importation and generated over $6.1 billion in non-oil exports.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this in a statement issued on Tuesday in Abuja by the ministry’s Head of Press and Public Relations, Augustina Obilor-Duru.
Oduwole also said the government had supported more than 115,000 micro, small and medium enterprises (MSMEs) as part of efforts to build a $1 trillion economy.
The minister stated this in Enugu during the technical session of the 17th National Council on Industry, Trade and Investment.
She was represented at the session by the ministry’s Permanent Secretary, Chris Isokpunwu.
The 2026 council meeting, with the theme, “Enhancing Competitiveness in Industry, Trade and Investment for Inclusive Growth and Global Market Integration,” brought together government officials, state representatives and key stakeholders.
Oduwole described the technical session as the engine room of the council’s decision-making process.
She said the deliberations would focus on policy memoranda, implementation challenges and practical recommendations to strengthen Nigeria’s industry, trade and investment sectors.
According to her, the theme reflects the Federal Government’s commitment to deepening industrialisation, boosting productivity, attracting investment, expanding exports, creating jobs and enhancing Nigeria’s global competitiveness.
She listed key reforms to include the operationalisation of the National Single Window, trade facilitation initiatives, digital public infrastructure and the implementation of the African Continental Free Trade Area (AfCFTA).
The minister urged delegates to develop practical and evidence-based recommendations through stronger collaboration among the Federal Government, state governments, the private sector and development partners.
In a goodwill message, the Enugu State Commissioner for Trade and Investment, Samuel Ogbu-Nwobodo, highlighted reforms in the state, including Executive Order 007, which he said had improved the ease of doing business.
He reaffirmed the state government’s commitment to infrastructure development, security, MSME growth and investment promotion.
Presenting the implementation status of resolutions from the 16th National Council meeting, the Director of Policy, Planning, Research and Statistics, Iya Gamawa, said significant progress had been recorded on the 22 resolutions adopted at the previous session.
Gamawa said achievements had been recorded in digital trade facilitation, industrial development, AfCFTA implementation, MSME support, infrastructure development and evidence-based industrial policy.
She disclosed that more than 40,000 exporters had been onboarded onto the Nigerian Export Promotion Council’s digital export registration platform.
According to her, strengthened regulatory systems, the expansion of special economic zones and improved access to finance had continued to enhance Nigeria’s business environment.
She added that the ministry had advanced plans for a N350 billion MSME development fund to accelerate enterprise growth.
Gamawa further said 2026 marked the first full year of implementing the Nigeria Industrial Policy 2025–2035.
She said the policy prioritised industrialisation, strategic value chains, digital transformation and stronger partnerships to drive sustainable economic growth and position Nigeria among the world’s leading economies.
NAN
