Nigeria controls 70% of ECOWAS trade

Technology News

Nigeria’s Minister of State for Foreign Affairs, Zubairu Dada, says the country accounted for between 60 and 70 percent of products under the Economic Community of West African States Trade Liberalization Scheme, noting that the nation has over 2,400 companies with over 6,900 products under the scheme.

She disclosed this yesterday in Abuja during a consultative workshop on ECOWAS Post-2020 Vision, and how the new vision 2050 would reflect the interests of Nigeria.

“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.


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