The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
The ongoing review of Nigeria’s trade policy, according to Otunba Adeniyi Adebayo, minister of industry, trade, and investment, will redefine trade and commerce in the nation.
The Minister stated, while receiving a draft copy of the revised Trade Policy in Abuja, that “both Nigeria and the world have witnessed major developments such as the explosion of E-commerce and digital payments, the agreement establishing the African continental Free Trade Area (AfCFTA), and the withdrawal of the United Kingdom from the European Union (Brexit).”
The African Growth and Opportunity Act is only in its second year, he pointed out, making the policy review even more crucial to seizing present and upcoming prospects.
[wonderplugin_video iframe=”https://youtu.be/KENMnEnCGgI” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
“Earlier this year, the Nigerian Bureau of Statistics reported that Nigeria recorded a N3.2tn trade surplus between January and June 2022. This is an indicator of positive trade balance where exports outweigh imports. In fact, the World Bank reports that trade contributes about 34 per cent of Nigeria’s GDP.
“While these figures are very encouraging, there is a lot we can do especially with the commencement of trading under the AfCFTA. In order to take advantage of this potential $3.4tn market, the first step is to instill confidence in traders through the approval and implementation of an up-to-date trade policy,” he said.
The Minister expressed pleasure with the document after reading the draft as it had been submitted by the Trade Policy of Nigeria Review committee, but he did make a few suggestions.
According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.
“I believe security is an important complementing policy for trade. We cannot have optimal trade without security,” he said.
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