The Federal Government has restated its commitment to repositioning Nigeria’s economy, as the Economic Management Team (EMT) met Tuesday in Abuja to assess the nation’s trade strategy, investment climate, and infrastructure priorities.
The meeting, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, brought together key stakeholders across ministries to strengthen cross-sector collaboration aimed at making Nigeria a more competitive and investor-friendly economy.
“This is the time for unified action,” Edun said. “By aligning our trade posture with global best practices and ensuring policy consistency, we can unlock greater opportunities for businesses and deepen investor confidence in Nigeria.”
A key highlight of the session was a presentation by the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, who outlined her Ministry’s priorities. These include improving investor retention, accelerating export diversification, and eliminating regulatory bottlenecks that hamper private sector growth.
The EMT also examined the recent proposal by the U.S. Trade Representative to impose a 14% tariff on Nigerian exports. The team reviewed both the legal and commercial implications, as well as Nigeria’s diplomatic outreach in response—including engagements during the recent U.S.-Africa CEO Forum in Abidjan.
Dr. Oduwole emphasized the strategic importance of Nigeria’s international trade relations, noting that “our engagement with the U.S. and multilateral partners is crucial to protecting Nigeria’s economic interests and expanding our export opportunities.”
The Honourable Minister of Transportation, Senator Said Alkali, also briefed the EMT on his Ministry’s revised budget framework and infrastructure plans. He highlighted upcoming projects aimed at reducing logistics bottlenecks and enhancing Nigeria’s capacity for trade facilitation.
The EMT concluded the session by reaffirming its collective resolve to pursue transparent, market-led reforms to drive private sector growth, boost non-oil exports, and ensure long-term economic sustainability.
With strategic reforms and united leadership, Nigeria is poised to chart a new path for economic transformation.