World Trade Organization Director-General Dr Ngozi Okonjo-Iweala has called on the Nigerian government to actively pursue global investors and capitalize on supply chain relocations to boost manufacturing and job creation.
Speaking at Nigeria House during the World Economic Forum in Davos, Okonjo-Iweala highlighted that rising US-China tensions are accelerating supply chain diversification, presenting Nigeria with a strategic window to attract investment.
She identified sectors such as solar panels, textiles, and pharmaceuticals as key opportunities, urging aggressive marketing and targeted investor outreach to move the economy from stabilization to job creation.
Key Points:
The advice underscores the urgent need for Nigeria to transition from economic stabilization to job-led growth through strategic foreign investment.
It positions Nigeria to benefit from global supply chain realignments driven by geopolitical shifts and de-risking strategies like “China+1.”
A focused investment drive could reduce import dependency, develop local manufacturing, and create sustainable employment.
The call reinforces the role of proactive, targeted diplomacy and investor engagement in national economic planning.
Timing aligns with ongoing reforms and international forums where Nigeria can showcase its investment readiness.
Source: Channels Television