•strategise to increase productivity of industrial sector
With earnings of over $5.456 billion in the non-oil sector in 2024, the Federal Government is intensifying efforts to improve the country’s exports in 2025.
According to the outlook of the Ministry of Industry, Trade and Investment (FMITI), the ministry has commenced a new chapter in driving Nigeria’s economic diversification by implementing targeted policies and reforms to accelerate industrialization, digitization, creative arts, manufacturing, and innovation.
The Minister of FMITI, Dr. Jumoke Oduwole explained in the Outlook that collaboration with the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) are in place to strengthen trade policy implementation and avoid unintended consequences in the economy.
“As a Ministry, we prioritise creating a dynamic, resilient, and sustainable economy by positioning the private sector for productivity and competitiveness and enabling businesses to take full advantage of the vast opportunities available in domestic, regional, and global markets.
“Our goal is to facilitate the creation of wealth, productive jobs, and shared prosperity for all Nigerians.
“We have repositioned ourselves to deliver empirically verifiable policies and reforms based on transparently laid down, which improved FMITI’s Performance significantly in the last quarter of 2024.
“To our private sector stakeholders, impact means businesses operating in Nigeria would find it progressively easier to start and grow their businesses and their return on Investments for their owners.
“As we begin the year, we are committed to delivering measurable impact with renewed energy and determination. FMITI remains steadfast in its resolve to lead the charge in rebuilding prosperity for all.
“FMITI will share periodic updates on its performance as independently verified by the Central Delivery Coordinating Unit (CDCU).
“Together, we will advance our shared goals and drive sustainable growth. As we continue our strategic communications and stakeholder engagement efforts, we remain committed to the ongoing dialogue.
“We are building an economy that attracts abundant investment from across the world, fosters industrial transformation, and facilitates trade in exports to generate productive jobs for Nigerians across the country” the minister stated.
ALSO READ FROM NIGERIAN TRIBUNE
