ABUJA, NIGERIA — The Federal Government has reiterated its commitment to forging strategic private-sector partnerships to drive domestic industrialization, enhance market competitiveness, and stimulate sustainable economic growth.
The Honorable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, emphasized this position in the nation’s capital following a high-level strategic meeting with the leadership team of Tetracore Energy Group, led by its Group Chief Executive Officer.
The discussions focused on exploring and deepening investment opportunities, strengthening Nigeria’s industrial infrastructure, and advancing critical partnerships aligned with the administration’s broader economic development agenda.
Speaking on the outcome of the meeting, Dr. Oduwole stated that the Federal Ministry of Industry, Trade and Investment (FMITI) remains intensely focused on working alongside private enterprises to unlock latent value across key sectors of the economy.
“At FMITI, we remain committed to working with the private sector to unlock sustainable growth, drive competitiveness, and create value across key sectors of the economy,” the Minister noted, highlighting the government’s proactive stance on removing barriers to industrial expansion.
Securing the Energy Foundations for Industry
Industry analysts view the engagement as a timely intervention. Tetracore Energy Group, a prominent player in the West African energy landscape, specializes in natural gas distribution, compressed natural gas (CNG) infrastructure, and independent power solutions.
Access to cost-effective, reliable energy remains one of the primary hurdles for manufacturing and industrial hubs in Nigeria. Observers note that alignment between the ministry’s trade policies and Tetracore’s energy distribution capabilities could provide the structural support needed to lower production costs for local manufacturers, thereby boosting regional competitiveness under frameworks like the African Continental Free Trade Area (AfCFTA).
The ministry has indicated that it will continue to actively engage critical stakeholders to ensure that private capital is effectively mobilized toward industrialization, job creation, and economic diversification.
