Home Business & EconomyNigeria secures $30b investment commitment in one year – Industry Minister

Nigeria secures $30b investment commitment in one year – Industry Minister

by Edidiong Nseabasi
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THE Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has said Nigeria secured an investment commitment of over $30bn in the last year.

The minister while giving an update of the achievements of the ministry, noted that the Federal Government is set to establish commercial courts across the country to try business cases.

She also mentioned the increase in revenue to ₦430m for the Lagos International Trade Fair Complex, adding that Nigeria is set to host the next trade fair which was last hosted in 2010.

This development, she said, aims to send a strong message that Nigeria is a big player for investors

Dr Anita further explained that the FG has invested $3.5m to unlock the textile and apparel industry, and is set to flag off the ‘light up ‘ campaign to boost the power situation for Small and Midsize Enterprises (SMEs).

Her update on the achievements of the sector she heads, comes as part of the events earmarked to mark President Bola Tinubu’s first anniversary in office.

The president had ordered a low-key celebration, listing a series of projects to mark the occasion as May 29 approaches.

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