The Federal Government is strengthening collaboration between its trade and foreign affairs institutions as part of efforts to expand opportunities for Nigerian businesses and attract more investment into the country.
The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, met with the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, to discuss trade, investment and Nigeria’s bilateral economic priorities.
The meeting focused on expanding international market access for Nigerian businesses, making the process of bringing foreign capital into the country more efficient, and positioning Nigeria as a stronger and more competitive player in the global trading system.
The move comes as Nigeria continues efforts to reduce its dependence on crude oil by expanding non-oil exports. The country’s non-oil exports reached $6.1 billion in 2025, with Nigerian products reaching markets across more than 100 countries.
Nigeria has also recorded increased foreign capital inflows. However, much of the investment has been in portfolio investments rather than long-term investments in factories, infrastructure, production and other areas that directly create jobs and expand the economy.
This makes the government’s focus on attracting productive investment particularly important. The aim is to create an environment where international investors can invest with greater confidence while Nigerian businesses have easier access to foreign markets.
The collaboration between the two ministries brings together two important sides of the strategy: strengthening Nigeria’s capacity to produce and export goods while using international relationships to open more doors for Nigerian businesses.
Ultimately, the success of these efforts will be measured not simply by meetings or agreements, but by more Nigerian products reaching global markets, stronger businesses, increased productive investment, job creation and greater economic opportunities for Nigerians.
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