Trade Policy Review
Report by
Nigeria
Revision
Pursuant to the Agreement
Establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh
Agreement Establishing the World Trade Organization), the policy statement by Nigeria is attached.
Table of Contents
1 Introduction.. 3
2 Economic Environment. 4
2.1 Growth Performance. 4
2.2 Trade Performance. 5
2.3 Balance of Payment, Foreign Reserves and
Exchange Rate. 6
2.4 Government Expenditure, Revenue and Debt 6
3 Diversification and
modernization PRIORITIES. 7
3.1 Introduction. 7
3.2 Systemic and Sectoral Initiatives. 8
3.3 Institutional Support for Structural
Transformation and Sectoral Diversification. 12
4 Trade Agreements and
Arrangements. 14
4.1 Introduction. 14
4.2 Multilateral Trade. 14
4.3 Regional Trade Agreements. 16
4.3.1 ECOWAS. 16
4.3.2 Continental Free Trade Area (CFTA) 17
4.4 Bilateral Trade (Investment) Agreements. 17
4.5 Preferential Trade Agreements and
Arrangements. 18
4.5.1 Economic Partnership Agreement (EPA) 18
5 TRADE-RELATED
TECHNICAL ASSISTANCE. 18
6 Medium-TERM outlook. 19
7 CONCLUSION.. 20