NIGERIAN TRADE MINISTER UPBEAT SAYS INDUSTRY REFORMS TO DRIVE GROWTH
Africa’s largest economy, Nigeria is bullish on driving digital trade growth as the country steps forward to roll out digital payment solutions which is poised to expand regional trade. Nigeria, Africa’s largest economy, is set to amplify its digital trade efforts, a pivotal element in the country’s ambitious economic expansion plans. As the country pushes forward with the widespread implementation of digital payment solutions, there is an optimistic outlook for regional trade growth. Trade and Investment Minister, Jumoke Oduwole, expressed confidence in the reforms under the current administration.
Leading digital initiatives, Oduwole transitions from her successful eight-year stint improving the ease of doing business in Nigeria. Her strategic vision involves layering automation and digitization over foundational processes and integrating modern infrastructure projects. “The coastal road and rail projects are examples of how we’re cutting costs for micro, small, and medium enterprises (MSMEs). Ensuring large businesses and MSMEs work harmoniously in our ecosystem is crucial,” Oduwole remarked. Minister Oduwole remains focused on streamlining the regulatory environment.
She highlighted a groundbreaking overhauling of Nigeria’s tax regime, marking the first comprehensive reform in the sector’s history. Has received her priority attention to minimize any unintended regulatory overlaps. With the eagerly anticipated single window project, partnering with Crimson Logic and World Bank, Nigeria aims to boost its trade facilitation through technical innovations coming online in early 2026.
