Nigeria needs more non-oil exports, says minister

Jumoke Oduwole, the minister of industry, trade and investment, says Nigeria needs more non-oil exports as they are crucial for the economy.

Oduwole spoke at a recent stakeholders’ reception organised by Segilola Resources Operating Limited (SROL), Nigeria’s pioneering gold exploration and production company.

The event, which brought prominent dignitaries, partners, and stakeholders together, followed SROL’s participation at the just concluded Nigeria mining week, a statement said on Sunday.

The minister lauded the company for its resilience and significant contributions to Nigeria’s economic diversification.

“Non-oil exports are crucial for this economy. It’s a priority of Mr. President; it’s a priority of the Federal Ministry of Industry, Trade and Investment,” Oduwole was quoted as saying.

“It is what we need for the Nigerian economy. We need the productivity, the competitiveness, and we need to encourage firms.

“I know when he [the Thor CFO, Mr. Chris Omo-Osagie] kept on repeating that it has not been easy—I know.

“I know, and we’re proud of you for the work that you do, for the perseverance, for the indefatigable spirit of the Nigerian entrepreneurs. Keep serving your nation and building the economy.”

Oduwole also acknowledged the firm as the presidential enabling business environment council (PEBEC) export champion.

On the company’s commitment to social responsibility, the statement said SROL successfully concluded its second annual community medical outreach on November 8 and 9.

“This initiative provided critical healthcare services to nearly 2,000 individuals, including residents of Imogbara, Odo-Ijesha, and Iperindo, as well as inmates from the local prison system,” it said.

“Services ranged from consultations and advanced diagnostics to medication distribution, surgical bookings, and health awareness campaigns designed to promote long-term wellness.”

SROL said it remains steadfast in its mission to drive sustainable development while enhancing the well-being of its host communities.

The company extended its heartfelt gratitude to stakeholders, partners, and volunteers who have supported its journey and said it looks forward to building on its accomplishments to foster continued progress and innovation.

On October 18, SROL was recognised as one of the top 10 non-oil exporters in Nigeria by the Nigerian Export Promotion Council (NEPC).