The Federal Ministry of Industry, Trade and Investment has partnered with the Nigerian Exchange Group to achieve its ambitious $6 billion investment target.
In a statement on Tuesday, the ministry underscored its commitment during a closing gong ceremony at the NGX in Lagos.
Trade minister Jumoke Oduwole outlined FMITI’s ambitious target to facilitate $6 billion in foreign investment into Nigeria’s productive economy in 2025.
Ms Oduwole was at the stock exchange to perform the distinguished closing gong ceremony on the Nigerian Exchange in Lagos on April 28.
Explaining further the financial targets and strategic vision of the $6 billion target, she said $3 billion was projected to come from foreign direct investment into key sectors.
According to her, such sectors include infrastructure, manufacturing, agribusiness, technology, and renewable energy.
Ms Oduwole explained that these sectors were pivotal to creating jobs, promoting exports, and enhancing Nigeria’s productive capacity. She said another $3 billion would be mobilised through foreign portfolio investment (FPI) by leveraging innovative financial instruments like green bonds, diaspora-linked securities, and SME-focused platforms.
She noted that these efforts aimed to deepen market liquidity and align capital flows with national priorities.
Ms Oduwole emphasised the integral role of capital markets in driving economic resilience and sustainable growth.
She said, “Deepening Nigeria’s capital markets is fundamental to improving investment flows, creating jobs, and sustaining long-term economic resilience.”
Ahonsi Unuigbe, chairman of NGX, reinforced the importance of this collaboration.
Temi Popoola, group managing director of NGX Group, highlighted the exchange’s technology-driven vision.
(NAN)
