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Nigeria must diversify to attract investment, boost trade surplus

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The director-general of WTO, Ngozi Okonjo-Iweala said Nigeria needs to continue to diversify attract investment and boost trade surplus.

The director-general of the World Trade Organisation Ngozi Okonjo-Iweala said Nigeria needs to continue to diversify attract investment and boost trade surplus.

Nigeria recorded N1.41 trillion trade deficit between October and December of 2023, according to the National Bureau of Statistics . Okonjo-Iweala said the Nigeria must do more to attract investment domestically and also from outside. She stated, “If we are going to go into surplus, we also have to think of how to make use of the African continental free trade area because we have a large market here but 1.4 billion is an even larger market.Speaking on the challenges facing women, Okonjo-Iweala stressed on the for women support themselves and improve their positions in the country.

 

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Okonjo-Iweala: Nigeria needs to diversify to attract investment, boost trade surplusNgozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), says there is a need for Nigeria to continue to diversify to add more value to the economy.
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