Newly elected Director-General of the World Trade Organization, Dr Ngozi Okonjo-Iweala has lamented that Nigeria’s global trade of about 0.33 per cent was too small to boost the nation’s economy.
Okonjo-Iweala, who stated this during her working visit to the Minister of Industry Trade and Investment, Otunba Adeniyi Adebayo yesterday in Abuja, noted that “Nigeria’s share is a small fraction of what we could do our share in Africa trade is 19% which is below our share of the Africa’s GDP”.
She explained that the Federal Government must step up action on its economy, stating that trade can be instrumental if Nigeria can add more value to its products and improve its infrastructure to deliver trade.
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