Nigeria’svolume of trade rises 20.7% in one year
By Jeph Ajobaju, Chief Copy Editor
Nigeria’s volume of trade rose 20.7 per cent to $5.45 billion in 2024, according to Nigeria Export Promotion Council (NEPC) Executive Director Nonye Ayeni.
She disclosed on the sidelines of a retreat organised by the Federal Ministry of Industry, Trade and Investment that 245 distinct products were exported to 126 countries last year with hope for a better performance in 2025
“Nigeria is growing, the Renewed Hope Agenda is impactful,” Ayeni said.
The retreat, themed “Accelerating Diversification to Rebuild Prosperity by Leveraging Industry, Trade and Investment”, unveiled the ministry’s 2025 roadmap to accelerate economic diversification.
After the retreat, the leadership of the ministry and chief executive officers of agencies under the ministry signed a performance bond to deliver results in line with the ministry’s mandate.
At the signing of the bond, Industry, Trade and Investment Minister Jumoke Oduwole said the ministry is poised to unlock Nigeria’s vast industrial and trade potential to position the country as a global economic powerhouse.
She commended the leadership for their commitment to align with the Presidential Eight-Point Agenda and the impressive presentations from the various departments and agencies at the retreat.
One of the highlights of the retreat was the signing of a Memorandum of Understanding (MOU) between the ministry and the Aig-Imoukhuede Foundation on driving digitilisation, performance management systems, and capacity building across the ministry.
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