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  • ***The second meeting of the Technical Working Group on trade in goods made significant progress on its preparation for a draft schedule of tariff concessions for trade in goods. The Tariff meeting chaired by the Chief Trade Negotiator, Ambassador Osakwe was attended by the chairman of the Nigeria Tariff Technical Committee (TTC) and Private Sector Stakeholders. *** Nigeria Coalition of Services Launched *** Nigeria Services Operators and Regulators resolve to rebalance stakeholders Contributions on the Nigeria Economy, reflecting services as accounting for 55% of Nigeria’s GDP *** NOTN launches Independent Study Report on The Potential Benefits of the African Continental Free Trade Area on Nigeria. The report was compiled by a consortium of academics and research institutions *** AfCFTA News: Inputs autonomously decided and submitted by 11 Private Sector Stakeholders, can now be found on the AfCFTA Section of the NOTN website. Inputs are from: Association of Women Entrepreneurs (AWEP); National Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMMA); Federation of South-South Chambers of Commerce Industry Mines and Agriculture (Fossccima); Nigerian Association of Small and Medium Enterprises (NASMEs); Nigerian Agri-Business Group (NABG); Manufacturers Association of Nigeria (MAN); Digital Economy (Jumia); Nigerian Stock Exchange (NSE); Nigerian Economic Summit Group (NESG); Nigerian Institute of Advanced Legal Studies (NIALS); and Nigerian Proforce Defence Company ***

2017 NIGERIAN ANNUAL TRADE POLICY REPORT

Good afternoon and thank you all for coming to the launch of this First Edition of the “Nigerian Annual Trade Report” (NATPOR). There is a degree of excitement that we are now at this point. The NATPOR is the expression of the firm commitment by the Federal Government of Nigeria to ensure that, in principle and in practice, trade policy and associated policies, particularly investment, serve as drivers for modernization, diversification, growth, development and job creation.

Statement by President Buhari on the Continental Free Trade Agreement (CFTA), delivered at the 30th African Union Summit in Addis Ababa

In a rapidly changing global economy, with much uncertainty we believe that the establishment of a Continental Free Trade Area would provide Africa with tremendous opportunity to achieve significant growth driven by intra-Africa trade. In accordance with African Union Assembly Decision of January, 2012, the Union decided to establish the Continental Free Trade Area by 2017. Although we missed this timeline last year, we still have the opportunity to establish the Continental Free Trade Area by March, 2018.

Nigerian Trade Team Heads to Kigali for CFTA Negotiations

On behalf of the Nigerian Delegation, thank for convening this meeting of the Trade Policy Review Body (TPRB) for Nigeria’s 5th Trade Policy Review. I speak for the record, so a Note of thanks.

For the record, I should add that Dr. Okechukwu Enelamah, Honourable Minister for Industry, Trade and Investment of Nigeria, should have led the Nigerian Delegation to this Trade Policy Review. Minister Enelamah, however, is in Berlin, representing President Buhari at the G20 Leaders outreach with Africa.

ZERO DRAFT ECOWAS COMMON TRADE POLICY: STATEMENT BY THE NIGERIAN OFFICE FOR TRADE NEGOTIATIONS (NOTN)

The Nigerian Government welcomes and appreciates the step by the ECOWAS Commission to initiate consultations on an ECOWAS-wide zero draft Trade Policy. The initiation of this process is essential and timely in a rapidly changing Continental and global economic and trade policy landscape. We congratulate H.E. Mr. Marcel Alain de Souza, President of the ECOWAS Commission and his Team for his leadership.