The Federal Ministry of Industry, Trade and Investment was restructured in 2011 to drive the growth of the Nigerian economy, using the model being implemented in both developed and emerging economies like the United Kingdom, Malaysia and Singapore. This transformation expanded its portfolio to include investment that hitherto was not part of its original mandate as the Federal Ministry of Commerce and Industry.
To promote economic growth, create jobs and generate wealth
To formulate and implement policies and programs to attract investment, boost industrialization, increase trade and exports and develop enterprises
- To create enabling environment to stimulate domestic investment and attract foreign direct investment in all sectors of the economy and make Nigeria the most preferred investment destination
- To facilitate trade in goods and services and maximize the benefits of international trade through functional bilateral and multilateral trade relations with other countries
- To accelerate the growth of the industrial sector and enhance productivity
- To boost the development of Micro, Small and Medium Enterprises (MSME) as the engine of economic growth .
The execution of the mandate of the Ministry are facilitated through its various programmes such as the Nigerian Industrial Revolution Plan (NIRP), National Enterprise Development Programme (NEDEP), Trade Policy, enabling environment for the promotion of investment, industrialization of the country; etc..