- Tinubu says Nigeria has secured at least $5bn investments in two years.
- He says the administration is improving the business environment.
- Tinubu promises stable policies and digitalised ports to strengthen trade and investment confidence.
- Over 2,000 exhibitors and 500,000 expected visitors show rising business and investment interest.
President Bola Ahmed Tinubu announced that clear policies and direct engagement with investors are already paying off, revealing that the Federal Government has attracted over $5 billion in new investments in manufacturing, fintech, and energy within two years of his administration.
Tinubu explained that his government has pushed reforms through the Presidential Enabling Business Environment Council (PEBEC), which have reduced business registration delays, digitised port processes, and made regulatory approvals faster and more transparent.
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Represented by John Owan Enoh, Minister of State for Industry, Trade, and Investment, the President spoke at the opening of the Lagos International Trade Fair 2025, describing the annual fair as a showcase of Nigeria’s resilience, creativity, and ability to build a sustainable business environment that attracts investment and drives growth.
According to him, with the world’s supply chain models shifting, Nigeria must position itself boldly:
“Nigeria cannot just participate in the African Continental Free Trade Area, we must lead it,” he said.
Tinubu promised to maintain policy consistency by avoiding abrupt reversals. He also pledged to honour agreements, support manufacturers with incentives, simplify tax processes, establish one-stop centres for business permits, and continue digitalising ports to boost trade and investment.
Lagos Chamber of Commerce and Industry (LCCI) President, Gabriel Idahosa, noted that this is the fair’s 39th edition, attracting nearly 2,000 exhibitors from Nigeria, China, Japan, Ghana, and other African countries. He revealed that the fair has injected ₦250 million into the local economy already and employed 280 artisans, even before the exhibition enters full swing.
He added that the ten-day fair is expected to attract over 500,000 visitors, with the goal of helping exhibitors build partnerships, create new markets, and scale their businesses.
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Lagos State Governor Babajide Sanwo-Olu, represented by his Commissioner for Commerce, Trade and Investment, Folashade Bada Ambrose-Medebem, said Lagos has simplified investment procedures and widened access to transparent data to make doing business easier. He noted that industrial zones are expanding rapidly, becoming magnets for foreign and local investment.
Sanwo-Olu disclosed that over 50,000 MSMEs have received financial support from the state in the last two years, with many growing into exporters and key contributors to the value chain.
He urged exhibitors to view the fair as a launchpad for trade, partnerships, and opportunities that will shape Nigeria’s economic future.
