Abuja: The Ministry of Industry, Trade and Investment has reaffirmed its commitment to collaborate with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and other relevant stakeholders to enhance Nigeria’s investment climate. The Minister, Dr Jumoke Oduwole, made the commitment during a courtesy visit by a RMAFC delegation led by the Chairman, Investment Monitoring Committee, Mr Ekene Enefe, in the city on Monday.
According to News Agency of Nigeria, the commitment was in line with the Renewed Hope Agenda of President Bola Tinubu. Oduwole acknowledged existing challenges within the investment ecosystem while highlighting ongoing reforms aimed at improving service delivery and institutional coordination. She noted that there are still gaps that need to be addressed despite progress made.
Oduwole assured continued collaboration with RMAFC to strengthen investment opportunities and deliver better services for investors and the Nigerian economy. Efforts are underway to enhance collaboration with key agencies, including the Corporate Affairs Commission, to streamline business registration processes and related services. The focus is on deepening reforms across the investment ecosystem to ensure efficiency and transparency.
Mr. Enefe stressed the need for Nigeria to align its investment processes with global best practices, especially in business registration and investor onboarding. He emphasized RMAFC’s evolving role beyond revenue sharing, committed to supporting initiatives that expand Nigeria’s revenue base through improved investment inflows.
Other RMAFC delegation members underscored the importance of strengthening support for domestic investors and commended the minister’s ongoing efforts. They also highlighted the need for clearer identification and operationalisation of Export Free Zones to enable investors to benefit from available incentives.