The Federal Government said it is updating Nigeria’s trade policy to reflect the current economic realities in the global environment.
The Ministry of Trade, Industry and Investments has that it is working to create an updated trade policy that would reflect the current situation of the world.
The Minister of Trade, Industry and Investments, Niyi Adebayo who revealed this while addressing journalists at the press conference on the Nigerian @ 60 celebration held in Abuja, said that the policy should be submitted to the Federal Executive council by the end of the year.
He said, “We’ve got a trade policy. We are in a process of updating and completing our trade policy.
“We are hopeful that before the end of this year, we will be able to take the policy to the Federal Executive Council (FEC) for approval.
“The document is undergoing review. We want to update it to be effective for the current situation of the world.”
“We are sure that by the time we conclude the document, it will be one that would be applauded by Nigerians.”