Federal Ministry of Industry, Trade and Investment
The Federal Ministry of Industry, Trade, and Investment is the key driver of Nigeria's industrialization, trade expansion, and investment promotion agenda. The ministry is responsible for formulating and implementing policies that stimulate economic growth, enhance the business environment, and support local and international trade.
By fostering entrepreneurship, supporting small and medium enterprises (SMEs), and facilitating access to markets, the ministry plays a central role in diversifying Nigeria's economy and attracting foreign direct investment.
Core Functions and Responsibilities:
- Developing and enforcing policies for industrial growth, trade facilitation, and investment promotion
- Supporting the establishment and growth of industries, especially in manufacturing, agro-processing, and value-added sectors
- Promoting local and international trade through bilateral and multilateral agreements
- Overseeing trade and investment-related agencies such as the Nigerian Investment Promotion Commission (NIPC), Standards Organisation of Nigeria (SON), and Bank of Industry (BOI)
- Enhancing the competitiveness of Nigerian businesses through incentives, capacity building, and access to finance
- Coordinating the development of special economic zones, industrial parks, and trade hubs
- Advocating for policies that improve the ease of doing business and attract sustainable investments
This dashboard provides a detailed overview of the ministry's budget allocation, strategic initiatives, and performance metrics, underscoring its pivotal role in driving Nigeria's economic transformation.
