The Director General World Trade Organisation, Dr Ngozi Okonjo-Iweala says Nigeria’s share in World Trade is 0.33% while its share in Africa trade is 19% with a small fraction of what the country can achieve.
Dr Okonjo- Iweala made this known during her visit to the Minister of Industry Trade and Investment, Mr Adeniyi Adebayo in Abuja .
She explained that the country must step up action on its economy, stating that trade would be instrumental, if Nigeria can add more value to its products and improve its infrastructure to deliver trade.
According to her, Nigeria is 103 out of 167 countries in logistics and that means the country has a long way to go’.
Dr Okonjo-Iweala, said that the WTO would work with Nigeria to help deliver support directly with its resources in technical assistance, training and quality upgrade with other institutions in unlocking some of the bottlenecks that confronts the country.
The WTO Boss expressed the hope that Nigeria would take a very active supportive role in helping her deliver on some of the mandates.
Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo who congratulated, Dr Ngozi Okonjo-Iweala on her appointment as the Director general WTO spoke on engagements, discussions and trade negotiations.
He said Nigeria expects balance and equitable outcome in the on going Agriculture negotiation to address structural causes of food and livelihood insecurity in Net Food Importing Developing Countries NFIDC and Least Developed Countries LDC.
The Minister of State for Industry Trade and Investment, Maryam Katagum urged the DG WTO not forget the commitment to sustain and enhance the ongoing dialogue and action on ‘women in trade’, as a firm believer in the power of trade to lift developing countries, including Nigeria out of poverty.