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President’s reforms laying foundation for capital flow – Oduwole

President’s reforms laying foundation for capital flow – Oduwole
**President Tinubu's Reforms Open Doors for Smooth Capital Flow and Trade Growth in Nigeria** As Nigeria continues to navigate the complex world of international trade and investment, the President's economic reforms are taking shape and laying a solid foundation for the free flow of capital and the growth of trade. According to the Minister of Trade and Investment, Dr. Jumoke Oduwole, these reforms are connecting Nigerian businesses, especially women-led enterprises, to global markets, capital, and trade value-chains. Oduwole made this statement at a colloquium held recently to celebrate the role of women in driving industry, trade, and investment. The theme of the colloquium, "Position Nigeria to Lead Intra-African Trade," highlighted the importance of harnessing the potential of Nigerian women in trade and investment. The Minister noted that the government is working with international organisations like the US-Nigeria CIP, UK-Nigeria ETIP, and UAE CEPA to widen access to markets, attract investments, and connect Nigerian businesses to global markets and capital. She emphasized that the government's priority is to marry global and regional demand with Nigeria's supply capacity and the capital needed to scale up. Oduwole said this includes expanding long-term industrial financing, strengthening the processing and export readiness of value chains, and ensuring that both men and women-led businesses are well-positioned to thrive in Africa's emerging continental market. Meanwhile, the Minister of State, Trade and Investment, John Enoh, highlighted the significance of the African Continental Free Trade Area (AfCFTA), describing it as an operational framework with a massive market of $3.4 trillion and a population of 1.4 billion people. This makes it the world's largest free trade area by the number of participating countries. Additionally, the Minister of Women Affairs, Iman Suleiman Ibrahim, underscored the need for women's participation in agricultural production, highlighting that women account for approximately 70 per cent of Nigeria's agricultural labour force but own less than 14 per cent of agricultural land and have access to less than 10 per cent of formal agricultural credit. These statistics underscore the need for women's empowerment and participation in Nigeria's economy, especially in the agricultural sector. With the President's reforms in place, Nigerian businesses, including women-led enterprises, are poised to take advantage of the opportunities presented by the AfCFTA and drive growth in trade and investment.
Source: Original Article • AI-enhanced version for clarity & Nigerian context