WTO DG, Ngozi Okonjo-Iweala
Nigeria must sustain its macroeconomic reforms and ensure they translate into jobs and improved living standards if it is to benefit from shifts in global trade, according to the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala.
Speaking at the opening of the 7th Africa Emerging Markets Forum in Abuja on Wednesday, Okonjo-Iweala said countries that improve their business climate, maintain macroeconomic stability and attract investment would be better positioned to benefit from the ongoing diversification of global supply chains.
She said Nigeria should continue implementing broad-based macroeconomic reforms while taking a careful approach to fiscal policy, debt management and job creation, stressing that citizens must begin to experience the tangible benefits of the reforms.
“Nigerians have to feel the impact of reforms,” she said, adding that policy measures should ultimately improve livelihoods and strengthen the country’s competitiveness.
