The Federal Government has signed the 2026 Strategic Performance Contract for the Federal Ministry of Industry, Trade and Investment (FMITI), reinforcing its commitment to accelerating industrial growth, expanding trade, attracting investment, and improving accountability across the ministry and its agencies. Nannews.ng
What You Need to Know
The agreement was signed at the conclusion of the ministry’s two-day Top Management Retreat in Abuja, where senior management officials, heads of agencies, development partners, and key stakeholders also adopted a communiqué outlining the ministry’s implementation priorities for 2026. The retreat was held under the theme, “From Policy to Performance: Driving Industrial Growth, Trade Expansion and Investment Outcomes.”
Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the retreat as an important platform for strategic reflection and collaboration. She said the ministry remains central to Nigeria’s economic transformation, job creation, and improved livelihoods, adding that the performance contract demonstrates a collective commitment to accountability, results-driven governance, and the delivery of priority programmes.
According to the minister, stronger coordination among departments, agencies, and stakeholders will be critical to translating government policies into measurable economic outcomes. She reaffirmed the ministry’s focus on improving programme implementation, strengthening industrial development, enhancing trade competitiveness, and attracting strategic investments in support of the Federal Government’s economic agenda.
Minister of State for Industry, Senator John Owan-Enoh, said Nigeria’s industrial success should be measured through increased productivity, stronger local industries, sustainable export growth, and improved investor confidence. He noted that these indicators are essential to achieving the country’s industrialisation objectives.
Permanent Secretary Dr. Chris Isokpunwu urged directors and agency heads to align their programmes and budgets with national priorities, stressing that effective monitoring, accountability, and continuous performance improvement would be vital to delivering expected results. Director of Policy, Planning, Research and Statistics, Mrs. Iya Gamawa, also underscored the importance of strategic alignment and results-based implementation.
Development partners, including the United Nations Industrial Development Organization (UNIDO), pledged continued support for the ministry’s industrial transformation agenda. Participants at the retreat reaffirmed their commitment to attracting investments, expanding exports, creating jobs, and advancing the Renewed Hope Agenda.
Implications
The 2026 performance pact establishes a structured accountability framework for the Ministry of Industry, Trade and Investment and its agencies. By linking strategic objectives with measurable performance targets, the government aims to improve policy execution, strengthen investor confidence, increase non-oil exports, and accelerate industrial development. Successful implementation could contribute to broader economic diversification and support Nigeria’s ambition of building a more competitive investment and trade environment.
Conclusion
The signing of the 2026 Strategic Performance Contract marks a renewed emphasis on performance-driven governance within the Ministry of Industry, Trade and Investment. With clear implementation priorities, stronger institutional coordination, and support from development partners, the initiative is expected to play a significant role in advancing industrial growth, trade expansion, investment promotion, and sustainable economic development in Nigeria.
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