Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has noted that Nigeria’s economy is showing strong signs of recovery, with growth now above four per cent, inflation significantly reduced and renewed interest from both local and foreign investors.

Speaking in an interview after the World Economic Forum (WEF) in Davos, she outlined how Nigeria’s economic reforms, investment drive and global partnerships were reshaping the country’s outlook and attracting fresh capital.

According to her, available data points to Nigeria’s strongest economic performance in more than a decade. “The growth is over four per cent and projected to continue growing strongly. Inflation has been halved between 2024 and 2025,” she said.

She explained that beyond headline figures, confidence within the economy was improving, with businesses reinvesting across key sectors.
“Several economic indicators, but what I would like to showcase is that investors, Nigerian businesses and domestic investors are reinvesting into the economy across key sectors,” Oduwole stated.

She described Nigeria House’s debut on the Promenade as a platform to showcase the country’s reform story, investment opportunities and trade priorities to global investors and policymakers gathered at Davos.

Oduwole noted that the reforms underway were long-term and deliberate, adding that trade systems were being modernised, including port operations.

She also pointed to Nigeria’s expanding global partnerships, including agreements with the UAE and growing engagement with Brazil and the United Kingdom. According to her, Nigeria’s core priorities remain infrastructure development, export growth and trade access. On regional trade, she said Nigeria was taking a leadership role under the African Continental Free Trade Area (AfCFTA).