The Federal Government, through its Economic Management Team (EMT), convened a high-level meeting today to review the country’s trade and investment priorities.
The meeting, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, focused on enhancing Nigeria’s global competitiveness and improving investor confidence through strategic policy alignment.
The session featured a comprehensive presentation from the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, who outlined the Ministry’s key focus areas: investor retention, export diversification, and the removal of regulatory barriers hampering private sector growth.
A critical point of discussion was Nigeria’s ongoing trade relations with the United States, especially in light of a proposed 14 per cent tariff on Nigerian exports by the U.S. Trade Representative.
The EMT evaluated both legal and commercial implications of the move and highlighted recent diplomatic efforts, including multilateral talks during the U.S.-Africa CEO Forum held in Abidjan.
Also in attendance was the Honourable Minister of Transportation, Senator Said Alkali, who presented an updated infrastructure budget and project pipeline aimed at easing logistics and boosting trade efficiency.
Reaffirming the government’s economic direction, Mr. Edun stressed the need for unified, cross-ministerial collaboration, stating, “Now is the time for unified action. By aligning our trade posture with global best practice and ensuring policy consistency, we can unlock greater opportunities for businesses and deepen investor confidence in Nigeria.”
The EMT resolved to pursue transparent, market-led reforms that prioritize non-oil export growth and sustainable economic development, signaling a renewed focus on inclusive national progress.
