The ministry of industry, trade and investment has partnered with the Nigerian Exchange Limited (NGX) to achieve its $6 billion investment target.
According to a statement on Tuesday by Adebayo Thomas, the ministry’s director of press and public relations, Jumoke Oduwole, minister of industry, announced the partnership during the closing gong ceremony at the NGX in Lagos on Monday.
The NGX uses the closing gong ceremony to showcase leadership, inspire stakeholders, and address critical economic issues on trading days.
At the event, Oduwole outlined the ministry’s target to facilitate $6 billion in foreign investment into Nigeria’s productive economy in 2025.
Advertisement
She said $3 billion of the $6 billion target is projected to come from foreign direct investment (FDI) in key sectors like infrastructure, manufacturing, agribusiness, technology, and renewable energy.
Oduwole explained that the sectors would create jobs, promote exports, and enhance Nigeria’s productive capacity, while another $3 billion would be mobilised through foreign portfolio investment (FPI) using innovative financial instruments.
The minister noted that the efforts would deepen market liquidity and align capital flows with national priorities, while emphasising the crucial role of capital markets in driving sustainable growth.
Advertisement
“Deepening Nigeria’s capital markets is fundamental to improving investment flows, creating jobs, and sustaining long-term economic resilience,” she said.
Ahonsi Unuigbe, chairman of NGX, described capital markets as powerful engines of innovation, business expansion, and economic inclusion that drive Nigeria’s industrialisation objectives.
Temi Popoola, NGX group managing director (GMD), said the exchange group is building a next-generation exchange ecosystem to democratise investment opportunities, enhance market liquidity, and position Nigeria as a competitive destination for domestic and international capital.
Advertisement
