By Dele Ogbodo
The Federal Ministry of Industry, Trade, and Investment (FMITI), on Monday, kick-started bold and landmark initiatives aimed at revolutionising Nigeria’s economic diversification agenda.
This is coming even as the Ministry expressed confidence that the 2025 strategic roadmap will accelerate the country’s economic diversification, industrialization and global competitiveness.
At a high-level retreat in Abuja, the Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, emphasized the Ministry’s commitment to building a dynamic, resilient, and sustainable economy that enables businesses to thrive locally, regionally, and globally.
“Our priority is clear—building a dynamic, resilient, and sustainable economy that enables businesses to thrive locally, regionally, and globally.
“In line with Mr. President’s eight-point agenda, our mission is to create wealth, generate productive jobs, and foster shared prosperity for all Nigerians.
“This is a moment of collective resolve. We must deliver—not just for Mr President but for over 200 million Nigerians who rely on us to build a stronger economy,” Oduwole concluded.
Also speaking at the retreat, the Minister of State for Industry, Trade, and Investment, Senator John Owan Enoh, underscored the significance of this moment in Nigeria’s history.
He said: “This is not just a retreat it is a defining mission. We are not here merely to discuss problems but to deliver solutions.
“The responsibility before us is immense: How do we transition from an import-dependent economy to an innovation-driven industrial hub?
“How do we create an environment where our industries are globally competitive. The time for action is now.”
He further highlighted key focus areas, including Scaling up industrialization and expanding trade opportunities. Enhancing investment policies to attract both local and foreign investors.
Developing a sustainable ecosystem for manufacturing, SMEs, and export-driven industries.
In a remark, the Permanent Secretary of the Ministry,
Amb. Nuru Abba Rimi reinforced the importance of the retreat as an opportunity to align the Ministry’s goals with the administration’s economic agenda.
“This retreat is a platform for reflection, innovation, and execution. Our goal is to craft a growth model that fosters industry expansion, technological innovation, and economic resilience. The conversations we have here must translate into concrete actions that will shape Nigeria’s economic trajectory in 2025 and beyond.” he remarked.
The retreat, themed “Accelerating Diversification to Rebuild Prosperity,” brought together CEOs of 20 agencies under the Ministry and all Directors to discuss Nigeria’s path toward economic diversification and industrialization.
As the retreat progresses over the next two days FMITI leadership and its agencies will finalise a clear execution plan to ensure measurable progress in industry, trade and investment policies.
