WTO Boss, Finance Minister Chart Path for Nigeria’s Trade-Led Growth

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In a move aimed at accelerating Nigeria’s economic transformation, the Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, met on Thursday with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in Abuja to advance a joint agenda focused on trade-led growth, investment, and inclusive development.

Mr. Edun outlined recent macroeconomic gains — including a stronger naira, easing inflation, and improved credit ratings from Fitch and Moody’s — as a springboard for sustained expansion. He detailed a strategy anchored on export diversification, private-sector investment, and human capital development, targeting a 7% GDP growth trajectory.

Dr. Okonjo-Iweala lauded Nigeria’s reforms, stressing their potential to boost investor confidence and unlock new opportunities under the African Continental Free Trade Area (AfCFTA). Both leaders pledged to integrate Nigeria into global value chains, promote digital trade, and ensure growth delivers better living standards through job creation, stronger safety nets, and enhanced energy security.

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