The Federal Ministry of Industry, Trade and Investment has signed a 2026 performance contract with its departments and agencies as part of efforts to accelerate industrial growth, expand trade, attract investment and strengthen accountability across the ministry.
The agreement was adopted at the end of the ministry’s two-day 2026 Management Retreat in Abuja, where senior management officials, heads of agencies, development partners and other stakeholders also endorsed a communiqué outlining an implementation roadmap for the coming year.
According to the communiqué issued by the ministry’s Head of Press and Public Relations, Mrs. Augustina Obilor-Duru, the retreat reaffirmed the ministry’s commitment to accountability and economic transformation through a strategic performance contract covering all departments, directorates and agencies under its supervision.
The retreat, themed “From Policy to Performance: Driving Industrial Growth, Trade Expansion and Investment Outcomes,” focused on translating government policies into measurable economic results.
Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the retreat as an important platform for strategic reflection and collaboration, while commending participants for their contributions throughout the exercise.
Oduwole said the ministry occupies a central position in Nigeria’s economic transformation agenda through its responsibility for promoting industrial development, expanding trade, attracting investments and creating jobs.
She said the performance contract demonstrates the ministry’s commitment to accountability, results-oriented governance and effective implementation of priority programmes.
According to the minister, stronger coordination among departments, agencies and stakeholders will be critical to translating government policies into tangible economic outcomes capable of improving livelihoods.
Minister of State for Industry, Sen. John Enoh, said Nigeria’s industrial development agenda would depend on higher productivity, stronger local industries, sustained export growth and improved investor confidence.
Permanent Secretary of the ministry, Dr. Chris Isokpunwu, urged participants to align programmes and budget implementation with national priorities, stressing that accountability, continuous monitoring and performance improvement remain essential to achieving desired results.
Director of Policy, Planning, Research and Statistics, Mrs. Iya Gamawa, also emphasised the importance of strategic alignment, saying effective performance management and results-based implementation would be critical to delivering the ministry’s objectives.
Development partners, including the United Nations Industrial Development Organisation (UNIDO), pledged continued support for the ministry’s industrial reform agenda and economic transformation initiatives.
Participants at the retreat also reaffirmed their commitment to attracting investment, expanding exports, creating jobs and supporting the Federal Government’s Renewed Hope Agenda through improved implementation of industrial and trade policies.
