The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that Nigeria secured over $30 billion in investment commitments in the past year.
While updating on the ministry’s achievements, she noted that the Federal Government plans to establish commercial courts across the country to handle business cases.
She also highlighted an increase in revenue to ₦430 million for the Lagos International Trade Fair Complex and announced that Nigeria will host the next trade fair, which was last held in 2010.
This initiative aims to underscore Nigeria’s significant role as a major player for investors.
Dr. Uzoka-Anite further explained that the government has invested $3.5 million to revitalize the textile and apparel industry and is set to launch the ‘Light Up’ campaign to improve the power situation for Small and Medium Enterprises (SMEs).
Her update on the sector’s achievements is part of the events planned to mark President Bola Tinubu’s first anniversary in office.
The president has called for a low-key celebration, highlighting a series of projects as May 29 approaches.
On Sunday, he oversaw the inauguration of the concrete-paved road leading to the nation’s major ports in Apapa and Tin Can Island. This project, initiated during the Muhammadu Buhari administration, was financed by the Dangote Group through tax credits under Tinubu’s leadership.
Additionally, on the same day, he virtually inaugurated the refurbished Third Mainland Bridge, which has received public praise for its excellent finishing and aesthetic improvements.
He also virtually commissioned the rehabilitation of 330 roads and bridges nationwide, including the inauguration of the iconic Lagos-Calabar Superhighway, with an estimated cost of about ₦15 trillion.
Tinubu will return to Abuja on Tuesday to inaugurate the Southern Parkway, named after him by the Nyesom Wike-led FCT administration. He will then attend the National Assembly Dialogue Series, followed by the unveiling of the National Assembly Complex, also named in his honor, on Wednesday.
He will proceed to relaunch the commercialisation of the Abuja Light Rail, also known as Abuja Metro. Completed in 2018 by the Buhari administration, the rail service was operational until 2020 when it was abandoned due to the COVID-19 pandemic. Extensive refurbishment efforts, led by FCT Minister Wike, have included a $15 million investment and the construction of access roads to various stations, setting the stage for the Abuja Metro to resume commercial operations.
After a symbolic train ride to the city center, he will inaugurate the Wuye Flyover-Link Bridge and the Defence Intelligence Agency Headquarters.
On Friday, the president will commission the NASENI-Portland Compressed Natural Gas Reverse Engineering Centre in Utako.