President Muhammadu Buhari has disclosed that Nigeria recorded $10.1 billion foreign investment announcements in the first half of 2021. He made the announcement while speaking at the opening ceremony of the 2021 Lagos International Trade Fair (LITF), which was organised by the Lagos Chamber of Commerce and Industry (LCCI).
He also disclosed that is set to update Nigeria’s trade policy in order to enhance the country’s access to regional markets in preparation for effective implementation of the African Continental Trade Agreement (AfCFTA).
Buhari, who was represented by the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, stated that the updated trade policy would ameliorate the country’s current economic realities.
He said: “One of the major policy thrust we are deploying to drive the facilitation of trade and market access is the imminent revision of Nigeria’s trade policy.
“Its revision will caption our current economic realities and our aspiration to further facilitate trade and access to markets both locally and regionally, especially in the advent of the implementation of the AfCFTA.”
