WTO Chief Commends Nigeria’s Economic Reforms, Calls for Job Creation
By Patience Ikpeme
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has said that the economic reforms being implemented by Nigeria have the potential to restore investor confidence and create new market opportunities, particularly under the African Continental Free Trade Area (AfCFTA).
During a meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in Abuja, Dr. Okonjo-Iweala encouraged Nigeria to accelerate its efforts in creating jobs, expanding exports, and strengthening social safety nets and energy security. This, she said, would ensure that economic growth leads to tangible improvements in people’s lives.
A statement from the ministry said Mr. Edun spoke about Nigeria’s recent macroeconomic stabilization, citing a stronger naira, easing inflation, and ratings upgrades from Fitch and Moody’s as key indicators.
He described these developments as a foundation for sustained growth. The minister also outlined a strategy that includes export diversification, private-sector investment, and human capital development, with the goal of achieving a 7% GDP growth rate.
Both leaders agreed on the importance of integrating Nigeria into global value chains and harnessing the power of digital trade. They recognized the private sector as a primary driver of competitiveness, resilience, and shared prosperity.
