FG’s Economic Team Convenes to Chart New Course for Nigeria’s Economy
By Patience Ikpeme
The Federal Government has initiated steps towards revitalizing Nigeria’s economy, with members of the Economic Management Team (EMT) convening to strategize and outline their respective ministries’ contributions to economic improvement.
The meeting, held on Thursday in Abuja, aimed to assess Nigeria’s trade strategy, investment climate, and infrastructure planning. Chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the session demonstrated the government’s commitment to positioning Nigeria as a competitive, investor-friendly economy through coordinated policy reforms and diplomatic engagement.
Minister Edun stressed the importance of cross-ministerial coordination. He stated, “Now is the time for unified action. By aligning our trade posture with global best practice and ensuring policy consistency, we can unlock greater opportunities for businesses and deepen investor confidence in Nigeria.”
A central part of the meeting involved a presentation by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. She outlined the Ministry’s current priorities, which include improving investor retention, accelerating export diversification, and addressing regulatory inefficiencies that impede private sector growth.
A specific point of focus was Nigeria’s ongoing engagement with the United States following the recent proposal by the U.S. Trade Representative to impose a 14% tariff on Nigerian exports. The EMT reviewed the legal and commercial context surrounding this development, as well as Nigeria’s diplomatic outreach to Washington and multilateral discussions held during the U.S.-Africa CEO Forum in Abidjan.
Concurrently, the Minister of Transportation, Senator Said Alkali, presented his Ministry’s updated budget framework and infrastructure priorities. These include logistics upgrades and project pipelines designed to reduce bottlenecks and enhance Nigeria’s capacity for trade facilitation.
The EMT conveyed its collective determination to implement transparent, market-driven reforms that support private sector expansion, boost non-oil exports, and deliver sustainable growth across the Nigerian economy.
