FMITI unveils 2025 roadmap to accelerate economic diversification

Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said the ministry is working towards positioning the private sector for productivity and competitiveness to take full advantage of the vast opportunities available in the domestic, regional, and global markets.

Oduwole also said that the ministry is driving the country’s economic diversification by implementing targeted policies and reforms to accelerate industrialisation, digitalisation, creative arts, manufacturing, and innovation.

She said at the start of a two-day retreat organised by the ministry on Monday that some “quick wins are already being accomplished by ensuring coordination and synergy in the administration’s fiscal and monetary policies.”

The minister said the retreat was to present the ministry’s 2025 roadmap, and bring together the CEOs of agencies under it, as well as the Directors of the ministry, for a strategic discussion on the future of industry, trade, and investment in Nigeria.
The theme was “Accelerating Diversification to Rebuild Prosperity by Leveraging Industry, Trade, and Investment.”

Oduwole said, “Our priority is clear—building a dynamic, resilient, and sustainable economy that enables businesses to thrive locally, regionally, and globally. In line with Mr. President’s eight-point agenda, our mission is to create wealth, generate productive jobs, and foster shared prosperity for all Nigerians.

“This is a moment of collective resolve. We must deliver—not just for Mr President but for over 200 million Nigerians who rely on us to build a stronger economy.”

Also speaking, Minister of State for Industry, Trade, and Investment, Senator John Enoh, described the retreat as a defining mission to discuss problems and deliver solutions.

Enoh said it underscored the need to transition from an import-dependent economy to an innovation-driven industrial hub and create an environment where industries are globally competitive, adding that “the time for action is now,” he asserted.

He said the ministry would focus on scaling up industrialisation, expanding trade opportunities, and enhancing investment policies to attract both local and foreign investors.