BEVERLY HILLS, March 16, (THEWILL) – Dr. Ngozi Okonjo-Iweala on Tuesday visited the headquarters of her home country’s Central Bank of Nigeria (CBN) in Abuja and dissected strategies on how Nigeria could exit recession and embrace the digital economy.
The newly appointed Director-General of the World Trade Organisation (WTO DG), who was received by a delegation led by CBN Governor, Godwin Emefiele, said Nigeria had enough resources and opportunities to exit the recession.
Okonjo-Iweala said: “I think we have what it takes in the country, particularly our young people to do the necessary which is to move forward as to how we are going to create jobs and move this economy in the direction that would support our youths in the future.
“There are opportunities that can be used in improving trade so that our economy can climb out of this pandemic recession that we are in faster than would have been the case.”
She added that the country also needs to embrace trade remedies and a digital economy to help Nigerian industries.
She posited: “WTO has what we call trade remedies. Without banning things we can protect our industries against dumping and cheap imports if we use those remedies. We can use those remedies as a tool to help our industries.
“Digital Economy has come to stay and people are doing well there. We need to support our young people to make use of the digital economy.”
Noting this as a big task before the country, Okonjo-Iweala said conversations must start in that direction and advised that the creative industry must not be neglected as it created more jobs for the youth.
Emefiele said the local industry should be given the room to grow as it would create more job opportunities, given the rate of high unemployment
He also declared that Nigeria was open to business in any part of the world.
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