The Federal Government has introduced new trade intelligence tools to help Nigerian businesses reach international markets, attract investment and strengthen local industries as Nigeria works towards a $1 trillion economy by 2030.
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, unveiled the initiative in Abuja. She said the tools would give exporters and investors reliable market information to guide decisions, understand trade rules and turn economic reforms into industrial growth and job creation.
Oduwole said Nigeria had made progress in attracting capital and expanding non-oil exports. However, she stressed the need to turn these gains into productive investments, completed export deals and stronger domestic industries.
She disclosed that capital importation rose from about $3.9 billion in 2023 to more than $23 billion in 2025. Non-oil exports also reached a record ₦12.36 trillion, with Nigerian products gaining access to more than 120 countries.
The minister added that intra-African trade grew by 21 per cent in 2025, creating opportunities for Nigeria to increase its presence in regional and global markets.
Despite this progress, she acknowledged that businesses still face high production costs, limited access to finance, logistics problems and complex trade procedures.
According to Oduwole, the trade intelligence tools would help exporters identify promising markets, understand tariffs and entry requirements, and obtain reliable information before shipping their goods.
She also highlighted CANEX Weekend 2026 and the Intra-African Trade Fair 2027 as important platforms for showcasing Nigerian products and connecting businesses with international buyers and investors.
Oduwole announced that the ministry planned to launch its Trade Portal at CANEX Weekend, scheduled for November 5 to 8, 2026. The portal is expected to provide market information and help businesses turn trade contacts into actual sales.
Meanwhile, Jani Ibrahim, president of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), called for greater private-sector investment in value-added exports, competitive manufacturing and key export industries.
Ibrahim said these investments would improve the global competitiveness of Nigerian products, increase local value addition and create jobs. He also stressed the need to strengthen domestic industries so Nigeria can benefit more from emerging trade opportunities.
