The Federal Government has demonstrated its commitment toward achieving a one trillion dollar economy by 2030 through a domestic investment summit to implement the 8-point Renewed Hope Agenda.
This was stated at a Domestic Investment Summit in Abuja on Monday by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment.
The theme of the summit was tagged, “Operationalising Nigeria First Policy.”
According to Oduwole, the ministry was speeding up economic diversification by implementing specific reforms in manufacturing, innovation, industrialisation, digitalisation, and the creative sector.
By 2030, she said, President Bola Tinubu had set the ambitious goal of creating an economy worth $1 trillion.
“The Nigeria First Policy is how we will actualise that vision by turning ambition into productivity and productivity into competitiveness.
“We are already taking actions, which include the fact that non-oil exports rose 24.75 percent in the first quarter of 2025, reaching 1.79 billion dollars.
“New textile parks, auto plants, and food hubs are springing up in our Special Economic Zones.
“These facilities are producing locally for our domestic market, saving billions in foreign exchange, creating jobs on a large scale, and positioning Nigeria as the manufacturing hub for ECOWAS and Africa,’’ she said.
According to the minister, the president also gave the ministry instructions to hold the summit as a focus group meeting for the major domestic investors who drive the Nigerian economy.
The endeavour, according to her, was to co-curate strategies, programs, and reforms with precise goals and demands for what was required.
The pledge, she continued, will contribute to the realisation of the Nigeria First Policy and the eight-point Renewed Hope Agenda, as well as the achievement of a trillion-dollar economy by 2030.
“Also, 6.5 billion dollars in non-oil exports, a 20 percent increase in trade value, and 200,000 export-led jobs
“Through targeted investment road shows and strategic engagements, we have unlocked over 50 billion dollars in commitments.
“This will help to strengthen investors confidence and reposition Nigeria as a credible, forward-looking investment destination,’’ she said.
The summit, according to Jumoke, was a collective confirmation that Nigeria’s economic change must be based on local power, rooted in Nigerian intellect, capital, and business.
She added that the ministry would keep working with regional organisations, development partners, and the private sector to create and execute workable solutions that have an immediate and inclusive impact.
The Nigeria First strategy was more than just a catchphrase, according to the ministry’s Permanent Secretary, Amb. Nura Rimi, who also stated that the summit’s topic was both current and strategic.
He stated that the ministry was still dedicated to using infrastructure improvements, regulatory changes, and better and more robust ties between the public and private sectors to create a more favourable business environment.
According to Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), the summit would contribute to creating an atmosphere that will draw in foreign investment.
The CBN’s Director of Risk Management, Dr. Blaise Ijebor, represented Cardoso, who stated that the summit would discuss strategies for Nigerian companies to expand their domestic and regional mark.
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