ABUJA — The Ministry of Industry, Trade and Investment generated over $500 million in export revenue in 2025, Minister Dr. Jumoke Oduwole told the Senate Committee on Trade and Investment on Monday.
Oduwole said the ministry’s programmes also created over 20,000 direct jobs and expanded activity on the Nigeria Commodity Exchange, with traded volumes up more than 500 percent.
The ministry advanced a strategic partnership to establish a national trade and distribution company, and secured Federal Executive Council approval for the National Industrial Policy in November 2025.
Oduwole also highlighted the launch of Nigeria’s first National Intellectual Property Policy.
She reported that the ministry’s 2025 appropriation of N11.8 billion was fully utilised, with revenue exceeding targets by about N100 million and fully remitted to the consolidated revenue fund.
Looking ahead, she said the 2026 priorities would focus on industrial clusters, value chains, special economic zones, local production, and non-oil exports.
The ministry requested enhanced capital allocation of N2.72 billion to meet these objectives.
“Domestic investors remain the anchor, while global investors will continue to be engaged through trade missions and in-country investment visits,” she said, highlighting plans for zonal engagements, digital investor portals, and trade intelligence tools.
