|
Getting your Trinity Audio player ready...
|
Summary
Nigeria’s Minister for Industry, Trade and Investment, Jumoke Oduwole, has said that domestic investment is the best way to improve the economy, and she will ensure that necessary strategies are in place to elevate poverty in the country.
Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, has said that domestic investment is the best way to improve the country’s economy. She said this on Nov. 11, 2024, in an interview with ARISE News Business Anchor Boason Omofaye.
Jumoke explained that the ministry is a tripod to fiscal, monetary, and trade/investment policies—a portfolio that leads to poverty alleviation, job creation, and strengthening the Nigerian Economy. She also added that it was impossible to talk about an economy without adding trade and investment.
“One of my priorities is to ensure that we retain domestic businesses in the country as they are the best advertisement for the Nigerian economy,” Jumoke said. “Once we can guarantee ease of business through legislative and judicial reforms, it will be easier to garner foreign investments.”
Further, she stated that President Tinubu’s numerous trips to other countries on matters of trade and investment over the last seventeen months will be assessed by her ministry to determine how well they’ve improved the economy.
“In the last seventeen months, the President has made numerous trips to countries like India to try and reach out on trade and investment matters, and promises have been made. We will work on this to ensure that these promises are fulfilled and reach an agreement beneficial to the Nigerian economy.”
This discussion with Arise TV marked Jumoke’s first exclusive interview with the press since she assumed her ministerial role. On Nov. 12, 2024, after her appointment, Jumoke pledged to make impactful strategies that would benefit the country.
“The next few months, we will work on impactful strategies focused on catalysing economic growth through increased exports, investment retention, job creation, and enhancing investment retention – key steps towards strengthening Nigeria’s economy,” she states.
