ODUWOLE HIGHLIGHTS STRONG NIGERIAN ECONOMIC RECOVERY AT WEF
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By: Balogun Ibrahim
Dr. Jumoke Oduwole says Nigeria is recording economic recovery, driven by declining inflation, increased investor confidence, and growth exceeding four per cent.
The world bank has projected that Nigeria’s economic growth will remain above four per cent, while inflation was halved between 2024 and 2025.
Speaking in an interview with CNN on the sidelines of the world economic forum (WEF) in Davos, Switzerland, The Minister said ongoing economic reforms, an aggressive investment drive, and strengthened global partnerships are reshaping Nigeria’s economic outlook and attracting new capital inflows.
She said the world bank expects growth to remain above four per cent, the highest in more than a decade while inflation declined by half between 2024 and 2025.
The Minister also said Nigeria is modernizing its trade systems, including reforms in port operations.
Oduwole said the government’s single window project is scheduled to go live by the end of the current quarter, noting that investor decisions are driven by confidence in the ease of doing business with Nigerians.
She also highlighted Nigeria’s trade relationship with the united states, describing the country as a key strategic partner. Oduwole said a commercial investment partnership was launched in June last year, adding that U.S. and Nigerian businesses continue to work closely together as companies seek opportunities to trade and invest.
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The Minister said Nigeria is implementing long-term reforms, enhancing infrastructure, boosting exports and trade access, and taking a leadership role under the African continental free trade area.
She also highlighted the opening of air cargo corridors with 13 African countries, which has halved freight costs for exporters.
Oduwole described the debut of ‘Nigeria house’ at the Davos WEF as a platform to showcase the country’s reform agenda, investment opportunities, and trade priorities to global investors and policymakers.
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