By: Abbanobi-Eku Onyekachi, Abuja.
The Federal Ministry of Industry, Trade and Investment (FMITI) has partnered with the Nigerian Exchange Group (NGX Group) to achieve a $6 billion investment target in Nigeria’s productive economy by 2025. This collaboration was highlighted during the Closing Gong Ceremony at the NGX, Lagos, where Honourable Minister Dr. Jumoke Oduwole outlined the Ministry’s ambitious plans.
According to a press statement from the Director of Press and Public Relations, FMITI, Dr. Thomas Adebayo, the $6 billion target comprises $3 billion in Foreign Direct Investment (FDI) into key sectors like infrastructure, manufacturing, and renewable energy, and $3 billion in Foreign Portfolio Investment (FPI) through innovative financial instruments. This initiative aims to create jobs, promote exports, and enhance Nigeria’s productive capacity.
On capital markets driving economic growth, Dr. Oduwole emphasized the importance of capital markets in driving economic resilience and sustainable growth. The NGX Group’s leadership reinforced this view, highlighting the role of capital markets in innovation, business expansion, and economic inclusion.
On partnership opportunities and achievements, the partnership between FMITI and NGX Group includes a strategic listing of state-owned enterprises, empowering SMEs, and promoting green and sustainable finance. These initiatives aim to unlock value, enhance transparency, and deepen market liquidity.
In the area of shared ambition for Nigeria’s prosperity, both FMITI and NGX Group are committed to building a prosperous, inclusive, and resilient economy. By aligning investments with national priorities, they aim to unlock the full potential of Nigerian enterprises and create opportunities for all Nigerians.
In conclusion, the partnership between FMITI and NGX Group marks a significant milestone in Nigeria’s economic development. With a shared vision for a prosperous economy, both parties are poised to drive growth, innovation, and investment in the country.
