The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, says the economy is showing strong signs of recovery, with growth above four per cent, falling inflation and renewed interest from local and foreign investors. She spoke during an interview at the World Economic Forum in Davos, Switzerland, citing World Bank projections that growth would remain above four per cent after inflation halved between 2024 and 2025.
Dr Oduwole said ongoing economic reforms, improved infrastructure and modernised trade systems are reshaping Nigeria’s outlook. She highlighted the rollout of a single window system for port operations, expected to go live by the end of the quarter, saying it would make it easier for investors to do business in the country.
The minister also pointed to Nigeria’s trade partnerships, including with the United States, and the country’s leadership role under the African Continental Free Trade Area.
Also Read: VP Shettima Arrives Davos for World Economic Forum
She said new air cargo corridors with 13 African countries have reduced freight costs for exporters, while Nigeria House at the Davos forum is being used to showcase the country’s reform agenda and investment opportunities to global stakeholders.
Leave feedback about this
You must be logged in to post a comment.