In a strategic move to bolster foreign investment, the Nigerian government has secured 14 investment deals worth $5 billion in the United Arab Emirates (UAE).
The Minister of Trade and Investment, Dr. Jumoke Oduwale, disclosed this during a ministerial briefing in Abuja, stating that the investment agreements have been de-risked through the country’s sovereign wealth fund.
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The deals are expected to enhance economic growth, attract capital inflows, and strengthen Nigeria’s position as a key investment destination in Africa.
Thanks to the leadership—Honorable Minister of State @OwanEnoh, the Permanent Secretary, Directors, and Agencies—for their dedication and support in driving progress.
— Dr Jumoke Oduwole (@joduwole) March 4, 2025
“Mr. President’s over 30 international trips have generated $50.8 billion in announcements. Now where the ministry’s work comes in is tracking those announcements and making sure that it comes to fruition,” she said.
While speaking on the achievements of the ministry, Dr Oduwale said the National Single Window Project aimed at facilitating trade has been launched and is in its implementation stage.
“Mr. President inaugurated it last year and the committee did a lot of background work, so finally Nigeria is going to have a National Single Window digital infrastructure that exponentially increases trade.
“And we’re talking about productive jobs, not only customer care service, so the first thing is that we are in a good time zone, we are an English-speaking population and our youth are energised; they are entrepreneurial.
“So deepening trade relations with five key countries, we positioned Nigeria as an AFCFTA Digital Trade Champion and commenced a review of our trade policy.
“So all that galvanizing, with the AFCFTA Secretariat, and positioning Nigeria technically, the implementation and the review of our five-year implementation led to Mr. President getting a commendation at Addis Ababa by the AFCFTA champion and of course, we were awarded the Digital Trade Championship,” Dr Oduwale stated.
Also, the Minister of State for Industry, Sen. John Enoh, said the inauguration of the Industrial Revolution Work Group (IRWG) marks a significant milestone in Nigeria’s industrial sector.
He said the work group is set to revolutionize the Nigeria Industrial Revolution Plan by fostering a modern, innovation-driven economy.
“The IRWG will identify potential risks and challenges, enabling proactive risk assessment and mitigation measures. By analyzing industry trends, the IRWG will provide predictive results to inform strategic planning and decision-making.
“Our goal is to create a scalable impact on Nigeria’s economy, driving growth and creating new opportunities for businesses and individuals,” Sen. Enoh noted.
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