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Nigeria Secures $30bn Investment Commitment in One Year – Industry Minister

She also noted the revenue increase to ₦430 million for the Lagos International Trade Fair Complex.

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that Nigeria secured over $30 billion in investment commitments over the past year.

The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that Nigeria secured over $30 billion in investment commitments over the past year. Providing an update on the ministry’s achievements, she noted that the Federal Government is set to establish commercial courts nationwide to handle business cases.

Uzoka-Anite also highlighted the increase in revenue for the Lagos International Trade Fair Complex to ₦430 million, adding that Nigeria is set to host the next trade fair, which was last held in 2010. This development, she said, aims to signal that Nigeria is a significant player for investors.

Furthermore, the minister revealed that the Federal Government has invested $3.5 million to unlock the textile and apparel industry. Additionally, the government plans to launch the ‘Light Up’ campaign to enhance the power situation for Small and Medium-sized Enterprises (SMEs).

Her update on the sector’s achievements comes as part of the events marking President Bola Tinubu’s first anniversary in office. President Tinubu had ordered a low-key celebration, listing a series of projects to commemorate the occasion 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. The project, initiated during the Muhammadu Buhari administration, was financed by the Dangote Group through tax credits under Tinubu’s administration. That same day, he virtually inaugurated the refurbished Third Mainland Bridge, praised for its excellent finishing and aesthetic furnishing.

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He also commissioned the rehabilitation of 330 roads and bridges across the country, including 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 and unveil the National Assembly Complex, also named in his honor, on Wednesday.

Following this, he will relaunch the commercialisation of the Abuja Light Rail, also known as Abuja Metro. The rail service, completed in 2018 under the Buhari administration, ceased operations in 2020 due to the COVID-19 pandemic. After extensive refurbishment led by FCT Minister Wike, including a $15 million investment and the construction of access roads to various stations, the Abuja Metro is set to resume commercial operations.

After a symbolic train ride to the city center, Tinubu will inaugurate the Wuye Flyover-Link Bridge and the Defence Intelligence Agency Headquarters. On Friday, he will commission the NASENI-Portland Compressed Natural Gas Reverse Engineering Centre at Utako.

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