Nigeria Accounts For Over 60% Products Under ECOWAS Trade – Minister

Nigeria accounted for about 60 to 70 percent of products under the Economic Community of West African States Trade Liberalization Scheme.

This was made known by the Minister of State for Foreign Affairs, Zubairu Dada who also noted that the nation has over 2,400 companies with over 6,900 products under the scheme.

The Minister stated this on Thursday while declaring open a consultative workshop on ECOWAS post-2020 Vision and how the new vision 2050 would reflect the interests of Nigeria.

According to him, the goal of the workshop was to articulate the views of various stakeholders on the impact of ECOWAS Vision 2020, as well as the expectations of the people of Nigeria, with regards to the formulations of the ECOWAS Vision 2050 document.

Nigeria Accounts For Over 60% Products Under ECOWAS Trade – Minister

He said: “Under the ECOWAS Trade Liberalization Scheme, the region has eliminated over 95 percent of trade barriers along the border of member states.

“Presently, Nigeria has over 2,400 companies, with over 6,900 products under the scheme. Nigeria alone accounts for 60-70 percent of the products under ETLS.”

He added that as the December 2020 deadline for the ECOWAS Vision 2020 approaches and response to the many persistent challenges facing the region becomes imperative, the ECOWAS had established a roadmap for a post-2020 Vision for the sub-region.

Some of the achievements recorded by the region in the past years include positive developments in several West African countries, according to him.

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