The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged the diplomatic community to support the country’s organised private sector in its quest to achieve a one trillion dollar economy by 2030
NACCIMA’s National President, Dr. Jani Ibrahim, made the call during NACCIMA’s Business Diplomacy Dialogue with the Diplomatic Community in Abuja.
Ibrahim described the initiative as a “new dawn in strategic partnership” between Nigeria’s organized private sector and the global diplomatic and development community.
“Today’s dialogue is designed to foster deeper engagement between the diplomatic community and Nigeria’s private sector to promote trade, investment, industrial cooperation, and inclusive economic growth.
“NACCIMA seeks to leverage this platform to align with the Federal Government’s 8-Point Agenda and the “Nigeria First” principle, thereby amplifying our collective efforts toward realizing a one-trillion-dollar economy by 2030.
“We have given our assurances to Mr. President, the President of the Federal Republic of Nigeria, that the goal is not only achievable but also surpassable.” He stated.
Ibrahim outlined the key pillars driving Nigeria’s economic agenda, including non-oil exports, agriculture, manufacturing, the digital economy, and the creative economy.
Ibrahim proposed a series of strategic engagements between NACCIMA and the diplomatic and development community, including bilateral and multilateral trade and investment missions, technical support, digital trade compliance, targeted programs for women entrepreneurs and youth-led enterprises, industrial policy cooperation and regional value chain development, and dialogue on trade policies between AfCFTA, WTO, ECOWAS, and Nigeria’s national priorities.
Ibrahim laid out a series of policy proposals, including the establishment of a Private Sector-Diplomatic Dialogue Framework, the creation of joint working groups on trade, investment, and the digital economy, the creation of sector-specific collaboration in agriculture, creative industries, and services and impact monitoring systems to track progress, and also ensure shared outcomes.
“Nigeria is working towards organizing a program for the “Made in Nigeria Exhibition”, so that more people will patronize Made in Nigeria goods and services, as that is the way to scale up and digitally transform the Nigerian economy for global competitiveness.
‘The purpose of the meeting is to enhance bilateral trade between the private sector of Nigeria and the diplomatic community and development partners.
“NACCIMA is working on launching a star project in the course of the year, NACCIMA Global.
“NACCIMA Global means that we will be able to have representation in key strategic areas of the global economy so that we can be closer to the Nigerians in the diaspora in trying to attract them to business in Nigeria. NACCIMA remains open to a deeper collaboration with all stakeholders who share our vision of a prosperous, inclusive, and globally competitive Nigeria,” Ibrahim added.
He also announced plans to host an Investment Summit on December 2–3, 2025, to explore capital flows into key growth sectors.
The Minister of Foreign Affairs, Yusuf Tuggar, in his remarks, underscored the Federal Government’s diplomatic strategy in support of private-sector growth.
Tuggar emphasized the significance of the event and reaffirmed NACCIMA’s central role in the Tinubu administration’s international economic policy.
“NACCIMA is a very important program of government, and it is important to what the Tinubu administration is trying to achieve in terms of promoting trade and investments and strengthening supply and value chains in Nigeria,” Tuggar said.
He emphasized the government’s “strategic opportunity” approach—one that avoids ideological alignments and focuses instead on building pragmatic economic partnerships.
“Nigeria has always been open when it comes to dealing with other countries.
“We are being mindful of the size of our population. Our goal is to leverage that advantage to create as much employment as possible,” the minister noted.
Tuggar pointed to the development of Special Economic Zones and regional development authorities as key tools in the administration’s plan to attract investment and expand production.
“We want to produce enough to feed ourselves and export to other countries,” he said, while clarifying that energy transition efforts would not exclude Nigeria’s vast hydrocarbon resources.
He also spoke about industrial revival, noting ongoing investments in refining capacity and clean energy sectors, including those related to climate-related manufacturing.
“These are areas where Nigeria must participate actively,” Tuggar said.
Tuggar reinstated the need to go beyond diplomatic formality and support real, business-driven collaboration between countries.
“It’s not enough to just sign IPPA. “NACCIMA and their counterparts need to engage directly. That engagement, supported by the diplomatic community, will help us deliver results.”
He concluded by urging embassies and international business communities to invest in Nigeria’s transition economy.
The Dean of the Diplomatic Corps, Ambassador Salaheddine Ibrahima, described Nigeria as “a country of unfathomable opportunities” and praised President Tinubu’s reform agenda.
Ibrahima, represented by the Ambassador of Lebanon to Nigeria, Houssam Diab, noted that partnerships between Nigeria and the diplomatic community are pivotal to enhancing trade, investment, and sustainable development in Nigeria.”
Diab noted Lebanon’s move to establish a bilateral business council with Nigeria.
The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, highlighted NACCIMA’s role in shaping Nigeria’s trade policy, including its leadership in the recently concluded five-year review of the African Continental Free Trade Area implementation.
Oduwole, represented by her Special Adviser Patience Okala, noted that Nigeria was the first country to undertake this kind of assessment.
