Friday, 29 August 2014

FG targets N116.5bn non oil export to ECOWAS countries

Nigeria is targeting a quantum increase of its non oil exports to the Economic Community of West African States (ECOWAS) to N116.5 billion by 2015 in addition to a structured trade policy that would support the nation’s industrial trade, Olusegun Aganga, the minister of industry, trade and investment, has said.
Aganga spoke during the 7th National Council on Industry, Trade and Investment in Markurdi, Benue State on Thursday.
The event brought together all the commissioners of industry, trade and investment across the country to deliberate on strategies to fast track inclusive economic growth through industrialisation, trade and investment.
As part of efforts towards increasing the country’s non oil export sector, the minister said
that the Ministry of Industry, Trade and Investment had completed a new National Trade Policy and Strategy which will integrate Nigeria’s industrial, trade and investment priorities.
Aganga, who was represented by the minister of state for trade and investment, Samuel Ortom, said, “In the area of trade, I am glad to inform that we have just completed a new National Trade Policy and Strategy, which will soon be presented to the Federal Executive Council for approval. This is the first time in over ten years that the country’s trade policy has been reviewed.”

Businessday

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