The Minister of Industry, Trade and Investment, Jumoke Oduwole, has disclosed that the ministry generated over $500 million dollars in export revenue in 2025 from industrial development and diversification of the economy.
She made this known when she appeared before the Senate Committee on Trade and Investment on Monday to defend the ministry’s 2026 budget.
According to her, the ministry’s programmes had also created more than 20,000 direct jobs.
Oluwole said activity on Nigeria Commodity Exchange expanded sharply with traded volumes up by over 500 per cent.
She further stated that the ministry advanced a strategic partnership to establish a national trade and distribution company to strengthen structured commodity trade and market access and also secured the approval of the Federal Executive Council for the National Industrial Policy in November 2025.
She said that in 2005, the ministry’s appropriation was N11.8 billion with personnel and overhead allocations fully utilised, adding that apart from the N3.8 billion capital allocation, no amount had been released to date.
