Innovation and Partnerships Poised to Drive Nigeria’s Economic Breakthrough — Federal Government
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector collaboration, and deeper regional integration, according to the Federal Government. The assurance comes on the heels of the 2025 Nigeria International Trade Fair, which concluded in Lagos with an impressive turnout of local and international exhibitors. Government officials described the event as a clear sign of the country’s rising industrial capacity and growing investor confidence.
Speaking at the closing ceremony, Ambassador Nura Rimi, Permanent Secretary of the Federal Ministry of Industry, Trade and Investment—represented by Director of Special Duties, Aminu Dogondaji—highlighted the fair as a showcase of Nigeria’s economic strength. He noted that the diverse range of innovations and partnerships on display underscored the nation’s potential to transform its economy and expand its footprint as a manufacturing leader on the African continent.
Rimi emphasized that Nigeria’s commitment to strengthening its business environment remains firm, particularly through the implementation of the African Continental Free Trade Area (AfCFTA). He stressed that the trade fair played a vital role in boosting export diversification and competitiveness, adding that the country is deliberately repositioning itself not just as a participant, but as a true export and manufacturing hub for Africa. He urged all stakeholders to move from conversations to concrete actions, sealing deals and forming collaborations that can accelerate industrial growth.
The momentum of the fair was further confirmed by Vera Ndanusa, Executive Director and CEO of the Lagos International Trade Fair Complex Management Board, who said the 2025 edition surpassed all expectations. According to her, the scale of business transactions, the diversity of international participants, and the overwhelming turnout of visitors demonstrated a full-scale revival of the event. Many exhibitors reportedly sold out their goods before the fair’s close, a sign of rising consumer engagement and trade activity.
Ndanusa added that organizers had already begun receiving early registrations for the 2026 edition, signaling renewed confidence in the fair’s upward trajectory. She described the event as a powerful indicator of Nigeria’s growing relevance in regional and global trade. Both government and private stakeholders agreed that if the partnerships formed at the fair translate into action, Nigeria’s path toward sustained economic resurgence will become even more certain.
source: punch