{"id":836281,"date":"2025-03-23T17:12:55","date_gmt":"2025-03-23T22:12:55","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/23\/minister-nigeria-has-secured-50bn-investment-commitments-from-tinubus-foreign-trips\/"},"modified":"2025-03-23T17:12:55","modified_gmt":"2025-03-23T22:12:55","slug":"minister-nigeria-has-secured-50bn-investment-commitments-from-tinubus-foreign-trips","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/23\/minister-nigeria-has-secured-50bn-investment-commitments-from-tinubus-foreign-trips\/","title":{"rendered":"Minister: Nigeria has secured $50bn investment commitments from Tinubu\u2019s foreign trips"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<p><a href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjqGqNMZKJip49lenbWyW4uOZeXSKwhqPAorePbm-qjJ7I9VAx_On2QJ_oX6YFkJfcXGsZqAKCvAxcjw7STmf1eeKpm9qE1F1lYP5FlyZnyc_hCl4uWhSuTFnHzXLhOXqPAnACf8fc9eONkfi_MbvlT8hYgxByUAxL1L5I6C1SoOXNacl0pLSAtztKyEw5r\/s918\/Jumoke%20Oduwole.webp\" imageanchor=\"1\"><img loading=\"lazy\" decoding=\"async\" data-original-height=\"546\" data-original-width=\"918\" height=\"238\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjqGqNMZKJip49lenbWyW4uOZeXSKwhqPAorePbm-qjJ7I9VAx_On2QJ_oX6YFkJfcXGsZqAKCvAxcjw7STmf1eeKpm9qE1F1lYP5FlyZnyc_hCl4uWhSuTFnHzXLhOXqPAnACf8fc9eONkfi_MbvlT8hYgxByUAxL1L5I6C1SoOXNacl0pLSAtztKyEw5r\/w400-h238\/Jumoke%20Oduwole.webp\" width=\"400\"><\/a><\/p>\n<p>\u00a0Jumoke Oduwole, minister for industry, trade and investment,<br \/>\nsays President Bola Tinubu\u2019s foreign trips have accumulated $50.8 billion in<br \/>\nproposed investments.<\/p>\n<p>Oduwole spoke on Tuesday during the ministerial press<br \/>\nbriefing held in Abuja.<o:p><\/o:p><\/p>\n<p>The minister, citing statistics that Nigeria\u2019s economy needs<br \/>\nabout $50 billion to be steady in terms of foreign exchange (FX), said the<br \/>\nfederal government now needs to ensure that the investments come to fruition.<o:p><\/o:p><\/p>\n<p>\u201cAs at December 2024, Mr President\u2019s over 30 international<br \/>\ntrips have generated $50.8 billion in announcements,\u201d Oduwole said.<o:p><\/o:p><\/p>\n<p>\u201cWhere the ministry\u2019s work comes in is tracking those<br \/>\nannouncements and making sure that it (sic) comes to fruition.<o:p><\/o:p><\/p>\n<p>\u201cFor example, about two weeks ago, the Brazilian trip on the<br \/>\nsidelines of G20, where the largest meat exporters in the world, meat producers<br \/>\nin the world, announced that they would invest $2.5 billion in Nigeria.<o:p><\/o:p><\/p>\n<p>\u201cThat\u2019s the sort of work that the ministry does to make sure<br \/>\nthat if there\u2019s an announcement of an investment or a trade relationship, that<br \/>\nwe make it happen.<o:p><\/o:p><\/p>\n<p>\u201cAside tracking these investments, our role as federal<br \/>\nministry of industry trade and investment is to handle those businesses, to<br \/>\nremove the regulatory and bureaucratic bottlenecks, to share information, the<br \/>\ntransparency and the efficiency of public service delivery, to support them in<br \/>\nwhatever incentives are possible for them, and to bring that money home.\u201d<o:p><\/o:p><\/p>\n<p>Speaking on achievements, the minister said Nigeria had<br \/>\nbidded to host the International-African Trade Fair (IATF) and was shortlisted.<o:p><\/o:p><\/p>\n<p>\u201cIt\u2019s a very, very catalytic game changer for any economy.<br \/>\nNigeria paid for it in November and we were shortlisted,\u201d she said.<o:p><\/o:p><\/p>\n<p>\u201cI shouldn\u2019t let the cat out of the bag, but we\u2019re really<br \/>\nhopeful that we will get this and put on a strong show.\u201d<o:p><\/o:p><\/p>\n<p>To facilitate trade, she said the ministry is looking at<br \/>\nensuring cargo flights are cheaper for traders.<o:p><\/o:p><\/p>\n<p>\u201cWe\u2019re very bullish about exporting our quality products<br \/>\nbecause our products are in demand and they are good all across the continent<br \/>\nand the world,\u201d the minister said.<o:p><\/o:p><\/p>\n<p>\u201cSo we\u2019ll continue to work on that and just watch out for<br \/>\nthe space. We\u2019re also looking into something around direct cargo flights across<br \/>\nAfrica for our traders, bringing the cost down for cargo flights and further<br \/>\nfacilitating trade.\u201d<o:p><\/o:p><\/p>\n<p>Oduwole also said the federal government is working hard to<br \/>\nimprove exports, prioritise the African Continental Free Trade Area (AfCFTA)<br \/>\nagreement, and sustain other bilateral and trade relationships.<o:p><\/o:p><\/p>\n<p><span><span><a href=\"https:\/\/landing.mailerlite.com\/webforms\/landing\/k8u4s8\">Click to signup for FREE news updates, latest information and hottest gists everyday<\/a><\/span><\/span><br \/>\n<br \/>\n<b><span><a href=\"https:\/\/www.nigerianeye.com\/2021\/03\/advertise.html\"><span>Advertise on NigerianEye.com to reach thousands of our daily users<\/span><\/a><\/span><br \/>\n<\/b><\/p>\n<\/div>\n<p> Diego Redner <a href=\"https:\/\/www.nigerianeye.com\/2025\/03\/minister-nigeria-has-secured-50bn.html\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Jumoke Oduwole, minister for industry, trade and investment, says President Bola Tinubu\u2019s foreign trips have accumulated $50.8 billion in proposed investments. Oduwole spoke on Tuesday during the ministerial press briefing held in Abuja. The minister, citing statistics that Nigeria\u2019s economy needs about $50 billion to be steady in terms of foreign exchange (FX), said the<\/p>\n","protected":false},"author":1,"featured_media":836282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26944,27096],"tags":[11476],"class_list":{"0":"post-836281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-minister","8":"category-nigeria","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=836281"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/836282"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=836281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=836281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=836281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}