Nigeria, WTO and Evolving Trends in Global Trade

The recently concluded WTO deal should mean an increased access to Nigerian products on the international market, but this could be hampered by the country?s declining manufacturing sector. In fact, some argue that Nigeria does not even have a manufacturing sector, owing to issues of security, power and outdated infrastructure. This mirrors the situation in most of Africa, which as a whole accounts for only 1 percent of global manufacturing. Even so, continuing trade liberalization on the continent is good news. Intra-African trade is on the rise, reaching $131.1 billion in 2011. Now Nigeria and Africa must take the next step and encourage the expansion of production capacity. These efforts should include improving the skill of domestic workforce and encouraging entrepreneurship. Click here