Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has highlighted that Nigeria’s economy is on a strong recovery path, with growth surpassing four percent, declining inflation, and renewed interest from both local and international investors.
Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Oduwole credited economic reforms, investment drives, and global partnerships for reshaping Nigeria’s outlook and attracting fresh capital. She noted that the World Bank projects continued growth above four percent, marking the highest rate in over a decade, while inflation has been halved between 2024 and 2025.
The minister showcased the debut of ‘Nigeria House’ at WEF as a platform to highlight Nigeria’s reform agenda, trade priorities, and investment opportunities. She also revealed modernisation efforts in trade systems, including port operations through the single window project set to launch by the end of the quarter.
Oduwole emphasised Nigeria’s strong trade ties with the United States, citing a commercial investment partnership launched in June 2025, and noted steps to improve infrastructure, export growth, and trade access under the African Continental Free Trade Area. She further highlighted the opening of air cargo corridors with 13 African countries, which will halve freight costs for exporters.
