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Home Economy

Oduwole: Nigeria Must Anchor $1 Trillion Economy Drive on Domestic Strength

Victoria Emeto by Victoria Emeto
July 24, 2025
in Economy
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Oduwole: Nigeria Must Anchor $1 Trillion Economy Drive on Domestic Strength

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has emphasised that Nigeria’s push to become a $1 trillion economy by 2030 must be firmly grounded in domestic strength.

Speaking at the Domestic Investment Summit held in Abuja, Dr. Oduwole stated that the Federal Government’s “Nigeria First” policy is a strategic imperative, reflecting a shared commitment to economic transformation driven by Nigerian capital, enterprise, and talent.

“To actualize the eight-point agenda of the government, Nigeria’s economic growth must begin at home,” the Minister said, highlighting the need to accelerate economic diversification through focused reforms in industrialisation, digitisation, the creative economy, manufacturing, and innovation.

Dr. Oduwole also outlined the ministry’s 2025 goals, including attracting $6 billion in foreign direct and portfolio investment, achieving $6.5 billion in non-oil exports, boosting trade value by 20%, and creating 200,000 export-led jobs.

“We’ve already unlocked over $50 billion in commitments through targeted investment roadshows and strategic engagements,” she noted. “This has helped strengthen investor confidence and reposition Nigeria as a credible, forward-looking investment destination.”

She concluded by stating that as the global economic landscape shifts, “Nigeria must begin with Nigeria.”

Tags: #EconomicDiversification#FDI#NigeriaFirst#TrillionDollarEconomy
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