Nigeria has renewed its pledge to create a business-friendly climate and attract more foreign investment, as the country strengthens ties with global partners through diaspora-driven initiatives.
The Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, gave the assurance in Abuja during a high-level meeting with a California–Africa Climate and Economic Delegation. She said ongoing regulatory and legislative reforms were targeted at boosting investor confidence, stimulating growth in critical sectors, and fostering long-term economic partnerships.
Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, who hosted the delegation, emphasised the pivotal role of the Nigerian diaspora in national development. She noted that diaspora investors contribute not only financial capital but also technical expertise and global networks, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
The visiting team, led by Dr. Toks Omishakin, Secretary of the California State Transportation Agency, praised NiDCOM for facilitating the dialogue. Dr. Omishakin highlighted California’s global leadership in clean and sustainable transportation, revealing that the state accounts for 14 per cent of the U.S. electric vehicle market.
Discussions focused on sustainable transportation, clean energy collaboration, technical cooperation, and infrastructure development. California’s technological expertise and venture capital resources were identified as strategic tools to make African green enterprises competitive on the global stage.
The meeting ended with both sides pledging to deepen collaboration, harness diaspora potential, and expand sustainable investment flows into Nigeria.
