FG To Raise Trade, Investment Through Technology

Towards boosting trade and investment for economic growth, the Minister of Trade and Investment, Dr Jumoke Oduwole has met with her counter part from the Ministry of Communication, Innovation and Digital Economy, Dr  Bosun  Tijani  to harness areas of collaboration. 

The meeting, which was held at the Federal Ministry of Industry, Trade and Investment (FMITI), was at the instance of Dr Oduwole.

Realising the importance of digital innovation to modern trade and investment, Oduwole noted that it is gratifying to her to collaborate with a sister Ministry which can help drive her goals of improved international trade and increase direct foreign investment.

She itemised the areas of  potential collaborations to include national e- commerce policy and strategy (NEPS 2023- 2027), national talent export programme, (NATEP), leadership in AFCFTA, technology export and digital trade desk, driving service export growth and diversification among others. 

In a statement by Dr Adebayo Thomas, Director, press and public relations FMITI, Dr Oduwole said "International trade and investment is a big agenda for us ,we are scaling up where we can  be globally competitive. 

"We are scaling up digital infrastructure  in both public and private sectors, we are growing support for start ups " she added .

Dr oduwole noted that Nigeria has positioned herself as the champion in trade especially in the African region. 

"We are trading in Africa, trading  in Africa is a must for us and so we must advance digital trade in Africa " she added.

Earlier , Hon Minister of  communication ,innovation and digital economy ,Dr Bosun Tijani noted that the entire focus of the present administration Bola Ahmed Tinubu  is to drive prosperity through technology. 

He said “The collaboration with the federal Ministry of industry ,trade and investment, is in the right direction.

"Modern day technology is a key enabler for any economy , if you increase investment in technology by 10%  ,it can produced 25%increase in GDP. 
"We are targeting  billion dollar investment into the country ,so this where  trade and investment is important go our ministry" he added .

He went on "We need talent , the right infrastructure, right policy and the right environment to do these"

He noted that the the role of investment and innovators cannot be over emphasized .

"Great nations are great not only because of they are able to produce technology but also because they are able to export technology " 

"There is global shortage of Digital talent population ,this is where Nigeria has comparative advantage over developed  nations,

“We believe Nigeria can be a net exporters of talents  with her huge youth population " he stressed. 

Dr Tijani  also informed that already,  3 million youths have been trained in technology skills so far.

"Out goal is not only to train them but also ensure that they are gainfully employed " he assured .

The Minister noted that there are many business opportunities for both ministries abroad urging the private sector to take advantage of such opportunities through the  ministry of industry ,trade and investment as well the ministry of communication ,innovation and digital economy .

"Nigeria trade mission in the United States is also available for all prospective investors" he added .


Post a Comment

Previous Post Next Post