July 25, 2024
WTO D-G Says Nigeria Must Diversify To Attract Investment, Boost Trade Surplus
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WTO D-G Says Nigeria Must Diversify To Attract Investment, Boost Trade Surplus

The Director-General of the World Trade Organisation, WTO, Ngozi Okonjo-Iweala, says Nigeria needs to continue to diversify to attract investment and boost trade surplus.

Mrs. Okonjo-Iweala made the observation while addressing newsmen after a meeting with the Duchess of Sussex, Meghan Markle, and other women at the Nigerian Women in Leadership event in Abuja on Saturday.

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Nigeria recorded a N1.41 trillion trade deficit between October and December of 2023, according to the National Bureau of Statistics, NBS, with exports totalling N12.69 trillion, and total imports standing at N14.11 trillion.

The WTO boss also said the government must also create an environment to attract investment, adding that this should persuade the government to invest in certain production and in different kinds of industries to attract people from outside.

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