FG Unveils Trade Intelligence Tools to Drive $1trn Economy by 2030 …Targets export growth, investment, job creation

"Nigeria’s ongoing economic reforms must translate into tangible outcomes, including increased production, expanded exports, industrial growth and sustainable job creation." Dr Jumoke Oduwole, Minister of Industry, Trade and Investment.

.... Says "the next phase of the country’s economic transformation must focus on expanding domestic productive capacity and ensuring that government policies deliver measurable benefits to businesses and citizens".

The Federal Government has unveiled new trade intelligence tools to boost Nigeria’s export competitiveness, attract productive investments and accelerate its ambition of building a $1 trillion economy by 2030.

The initiative, launched by the Federal Ministry of Industry, Trade and Investment (FMITI) in Abuja, is designed to equip Nigerian businesses, particularly micro, small and medium-sized enterprises (MSMEs), with reliable market information to identify export opportunities, understand international trade requirements and connect with potential buyers across global markets.

Speaking at the launch, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, stressed that Nigeria’s ongoing economic reforms must translate into tangible outcomes, including increased production, expanded exports, industrial growth and sustainable job creation.

She said the next phase of the country’s economic transformation must focus on expanding domestic productive capacity and ensuring that government policies deliver measurable benefits to businesses and citizens.

Oduwole identified high production costs, limited access to finance, logistics challenges and complex trade procedures as some of the obstacles undermining the competitiveness of Nigerian businesses, noting that addressing them was critical to strengthening the country’s position in international markets.

According to her, investments must go beyond announcements to produce actual projects, industrial expansion and decent jobs.

The minister also highlighted ongoing reforms in the Export Expansion Grant Scheme, Free Trade Zones and Nigeria’s trade negotiation framework as part of efforts to improve the business environment, expand market access and strengthen the country’s export capacity.

She further drew attention to the forthcoming CANEX WKND 2026, scheduled for November 5 to 8 at the National Theatre, Lagos, describing it as an opportunity to connect Nigeria’s creative industries with investors, buyers and international markets.

The event is expected to attract about 10,000 participants and provide opportunities for business partnerships, investment and the promotion of African creative products.

In his opening remarks, the Permanent Secretary of the ministry, Dr Chris Osa Isokpunwu, described credible trade intelligence as essential to effective policymaking, trade facilitation and business growth.

He urged the ministry’s departments and agencies to adopt and sustain the use of the tools to strengthen coordination, improve accountability and enhance service delivery.

The newly unveiled initiative builds on the ministry’s inaugural Trade Intelligence Tools launched in November 2025.

It features the 2026 Trade Intelligence Report, which examines trade and investment developments in 2025, as well as a report on Nigeria’s performance in the first half of 2026.

The reports provide analysis of export and import trends, investment inflows, global and regional economic developments, trade agreements, and the outcomes of government policies and programmes.

The ministry said the tools would help businesses make informed commercial decisions by providing information on potential export destinations, applicable tariffs, international standards and market opportunities.

The launch also featured a presentation on the Road to CANEX, an overview and live demonstration of the Trade Intelligence Portal, as well as an interactive session with participants.

The initiative underscores the ministry’s commitment to data-driven policymaking, strategic partnerships and reforms aimed at strengthening domestic production, improving access to international markets and attracting investments capable of generating employment.

The government’s expectation is that improved access to reliable trade information will enable Nigerian enterprises to identify emerging opportunities, navigate international trade requirements and compete more effectively in the global marketplace.

The initiative is part of broader efforts to position trade and investment as key drivers of economic diversification, industrial development and the Federal Government’s ambition of achieving a $1 trillion economy by 2030.