The Federal Government has reaffirmed its plan to grow Nigeria’s economy to $1 trillion by 2030, hosting a Domestic Investment Summit in Abuja on Monday. The summit, themed Operationalising Nigeria First Policy, brought together government officials, investors, and business leaders to discuss strategies to boost local investments.
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Focus on diversification and growth
Jumoke Oduwole, Minister of Industry, Trade and Investment, said the government is accelerating economic diversification through reforms in industrialisation, digitisation, and manufacturing.
“President Tinubu’s Renewed Hope Agenda is focused on turning ambition into productivity and competitiveness,” she stated.
She disclosed that non-oil exports rose by 24.75% in Q1 2025, reaching $1.79 billion. She added that textile parks, auto plants, and food hubs in Special Economic Zones are contributing to local production and job creation.
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Strengthening local investments
Oduwole noted that more than $50 billion in investment commitments have been unlocked, positioning Nigeria as a key manufacturing hub in ECOWAS and across Africa.
Ambassador Nura Rimi and Central Bank Governor Olayemi Cardoso, represented by Dr. Blaise Ijebor, also supported the Nigeria First Policy. They described it as a strategy to empower local businesses and attract sustainable investments.
