Feb 12 β€’ 00:04 UTC πŸ‡³πŸ‡¬ Nigeria Punch

FG to prioritize non-oil exports – Minister

The Nigerian Federal Government plans to prioritize non-oil exports in 2026 to enhance economic diversification, according to the Minister of Industry, Trade and Investment.

The Nigerian Federal Government has announced a strategy to prioritize non-oil exports as part of its economic diversification efforts for 2026, as stated by Dr. Jumoke Oduwole, the Minister of Industry, Trade and Investment. During a recent meeting at the National Assembly Complex in Abuja, Oduwole discussed the 2025 budget appraisal and the upcoming 2026 budget proposal, highlighting significant gains in trade and investment expected in 2025.

Oduwole emphasized that the focus for 2026 would be on consolidating these achievements, particularly in mobilizing investment and promoting exports. The ministry is planning a nationwide tour through Nigeria's six geo-political zones aimed at enhancing trade facilitation and encouraging non-oil exports. This initiative is part of the government's broader efforts to boost the economy and reduce reliance on oil revenue.

The renewed hope agenda, as Oduwole described the government's economic strategy, reflects a commitment to diversifying Nigeria's economy amid fluctuating oil prices and global market challenges. By prioritizing non-oil exports, the government aims to create a more resilient economic structure that can better withstand external shocks and provide sustainable growth.

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