Economy and Politics: AFCFTA: Nigeria's Trade Policy & Infrastructure Drive Should Support Productivity
This edition of the "Economy and Politics" show features Dr. Ogho Okiti an economist and Managing Director of Business Day Newspapers, as he speaks on "AFCFTA: Opportunities for Nigeria In Trade, Development and Jobs".
According to him Nigeria's proposed revised trade policy must be broad-based and holistic supporting a productive economy, if it hopes to benefit from the African Continental Free Trade Agreement, AFCFTA.
He decried the fact that Nigeria's trade policy in the last 50 years revolved around the single narrative of demand-management, which emphasized foreign exchange management and tariffs. Okiti noted that Nigeria has been obsessed with the import substitution strategy, but as a country needs to look at trade from a broader perspective to make progress.