The Federal Government says the new digital resources will help businesses identify overseas markets, understand trade requirements and support its ambition to build a $1 trillion economy by 2030.
The Federal Government has introduced new trade intelligence tools designed to help Nigerian businesses access international markets, attract productive investments and improve the competitiveness of local industries as part of its drive to achieve a $1 trillion economy by 2030.
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, unveiled the initiative in Abuja, explaining that the tools would provide exporters and investors with dependable market information to support business decisions, simplify compliance with trade requirements and promote industrial expansion.
Oduwole said Nigeria had recorded notable improvements in capital inflows and non-oil exports. However, she emphasised the need to translate these gains into productive investments, completed export deals, stronger domestic industries and increased employment.
According to the minister, capital importation increased from approximately $3.9 billion in 2023 to more than $23 billion in 2025. She added that non-oil exports reached a record ₦12.36 trillion, with Nigerian products gaining access to more than 120 countries.
She also disclosed that intra-African trade expanded by 21 per cent in 2025, describing the growth as an opportunity for Nigeria to deepen its participation in regional commerce and international markets.
Despite the progress, Oduwole acknowledged that local businesses continued to contend with high production expenses, inadequate access to financing, logistical difficulties and complicated trade procedures.
She said the new intelligence tools would help businesses identify markets with strong commercial potential, determine applicable tariffs and entry conditions, and obtain reliable information before shipping goods overseas.
Trade Portal to Connect Nigerian Businesses With Global Markets
Oduwole identified CANEX Weekend 2026 and the Intra-African Trade Fair 2027 as important platforms for showcasing Nigerian products and connecting local businesses with international buyers and investors.
She announced that the ministry planned to officially launch its Trade Portal during CANEX Weekend, scheduled to hold from November 5 to 8, 2026.
The portal is expected to provide businesses with relevant market intelligence and help turn trade contacts into actual commercial transactions.
The initiative forms part of broader efforts to strengthen Nigeria’s export capacity, improve access to international markets and ensure that economic reforms produce tangible benefits for local manufacturers, exporters and investors.
NACCIMA Urges More Investment in Value-Added Exports
Meanwhile, the President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Jani Ibrahim, called on the private sector to increase investment in value-added exports, competitive manufacturing and key export value chains.
Ibrahim said greater investment in these areas would enhance the international competitiveness of Nigerian products, increase domestic value addition and create more employment opportunities.
He also stressed the importance of developing local industries to enable Nigeria to take fuller advantage of emerging opportunities across African markets and the wider global economy.
The Federal Government’s trade intelligence initiative is expected to support these objectives by giving businesses better access to market information and helping them navigate the requirements for international trade.
