Jumoke Oduwole highlights falling inflation, rising investor interest, and trade reforms at World Economic Forum
Nigeria’s economy is demonstrating clear signs of recovery, with growth surpassing four percent, inflation falling, and renewed interest from both local and international investors, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said.
Speaking to CNN at the World Economic Forum (WEF) in Davos, Switzerland, Oduwole attributed the positive trajectory to the country’s ongoing economic reforms, investment-friendly policies, and strengthened global partnerships.
“The growth is over 4% and projected to continue strongly by the World Bank, the highest in over a decade. Inflation has been halved between 2024 and 2025,” she said, highlighting the country’s macroeconomic progress.
Oduwole also showcased Nigeria’s debut at the ‘Nigeria House’ in Davos as a platform for promoting the nation’s reform story, investment opportunities, and trade priorities to global investors and policymakers.
She noted that significant modernisation efforts are underway in trade systems, including port operations. “We have a single window project that’s going live at the end of this quarter. Investors are making decisions based on the fact that they can now do business seamlessly with Nigerians,” she explained.
On international partnerships, the minister emphasised Nigeria’s strong trade relationship with the United States, pointing to the commercial investment partnership launched in June 2025. “U.S. businesses work very closely with Nigerian businesses. And, you know, businesses just want to do business,” she said.
Oduwole added that Nigeria is pursuing long-term reforms to boost infrastructure, expand exports, improve trade access, and assert a leadership role under the African Continental Free Trade Area (AfCFTA). She also highlighted new air cargo corridors with 13 African countries, which have effectively halved freight costs for exporters.
“These initiatives are reshaping Nigeria’s investment landscape and demonstrating the country’s commitment to sustainable economic growth,” she said.
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