She said these shifts present a chance for Nigeria to secure new investments that could create jobs, strengthen manufacturing and reduce reliance on imports.

“There is an opportunity now to attract these supply chains,” she said , stressing that Nigeria must deliberately market itself to investors. “Everything we can do to showcase Nigeria as a country worthy of investment is what we should be doing.”

Okonjo-Iweala said Nigeria needs to move beyond economic stabilisation and focus more directly on job creation, noting that reforms currently underway must translate into employment and industrial growth. She urged the government to identify sectors where Nigeria has strong potential and actively court investors from major economies, including China and the United States .

“As companies seek to diversify supply chains, a lot of that movement is still within Asia,” she said, adding that Nigeria should aim to attract a meaningful share of that relocation, even if it cannot capture all of it. Okonjo-Iweala highlighted renewable energy and textiles as examples of industries where Nigeria could manufacture locally instead of importing finished products.

“Let’s build solar panels in Nigeria. We are importing, but we can also manufacture,” she said. “In fashion, let them come to invest. Many of the textiles we wear are not made in Nigeria; they are imported.”

She said Nigeria’s success would depend on having clear strategies to target.

Jaiswal noted that India is still evaluating the impact of recent US-China trade developments. “As far as the latest talks and relaxations that have happened between the US and China, we are yet to assess how they will play into our domain,” he said.

China’s restrictions on critical materials have been paused for one year under a trade agreement reached between US President Donald Trump and Chinese President Xi Jinping during a meeting in South Korea on Thursday.

In a separate announcement, Jaiswal revealed that the United States has granted India a six-month waiver from sanctions tied to the Chabahar port project in Iran. The strategic initiative, spearheaded by India Ports Global Ltd (IPGL), involves an estimated $370 million investment to strengthen connectivity across the region.