Nigeria’s Trade Costs Too High – Okonjo-Iweala

Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has listed ways Nigeria could resuscitate its economy and facilitate international investment.

Okonjo-Iweala, speaking on the second day of the midterm ministerial performance review at the Presidential Villa, Abuja, said Nigeria’s trade cost is too high and needs to be cut down.

The WTO DG suggested that a lower trade cost from the factory or farm gate to the final consumer be adopted in order to attract trade-oriented investment into Nigeria.