FG, WTO partner to boost Nigeria’s economic growth

The federal government and the World Trade Organisation (WTO) are advancing a shared agenda for trade-led growth, investment, and inclusive development.
This is contained in a statement on Friday in Abuja by the ministry of finance’s director of information and public relations, Mohammed Manga.
Minister of finance and coordinating minister of the economy, Wale Edun, said recent macroeconomic stabilisation stemmed from a stronger naira, easing inflation, and ratings upgrades from Fitch and Moody’s.
He outlined a strategy based on export diversification, private-sector investment, and human capital development, targeting a seven per cent Gross Domestic Product (GDP) growth rate.
The director-general of the WTO, Ngozi Okonjo-Iweala, commended the country’s reforms, noting their potential to restore investor confidence and open new markets under the African Continental Free Trade Area (AfCFTA).
She urged the country to accelerate job creation, expand exports, strengthen safety nets, and improve energy security so that growth translates into better living standards.
Both leaders reaffirmed their commitment to integrating Nigeria into global value chains and harnessing digital trade, recognising the private sector as a key driver of prosperity.
The meeting marks a crucial step towards a brighter economic future for the country.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Rights
Trump slams Roe v Wade as ‘moral, constitutional atrocity’ against U.S. unborn children
“Today marks the 53rd anniversary of Roe v

World
Deputy secretary-general tells Nigeria, others to protect UN Charter
UN deputy secretary-general Amina Mohammed has called on Nigeria and other countries to protect the UN Charter, urging them to “stand up for a rules-based order” or pay the price.

States
One million Northerners to go hungry amid food aid cuts in Nigeria: WFP
At least one million people in North-East Nigeria could lose emergency food and nutrition assistance unless funding can be found “within weeks”.

World
Trump ratifies Board of Peace, opens ‘path to hope, dignity’ for Gazans
“Today, the first steps toward a brighter day for the Middle East and a much safer future for the world are unfolding right before your very eyes,” said Mr Trump.

Health
Trump terminates U.S. WHO membership, cites COVID-19 issue, undue political influence
The U.S. withdrawal from the global health body became effective Thursday.

Economy
Unemployment: Rivers government inaugurates skills development centre
The Rivers government has reaffirmed its commitment to youth empowerment, inaugurating the AYP innovation hub to tackle unemployment among young people.






