The African Development Bank (AfDB), says Nigeria is the greatest contributor to wealth creation in West Africa, contributing about 75 per cent of regional Gross Domestic Product (GDP).
Mr Ebrima Faal, AfDB Senior Director for Nigeria said this in an interview with newsmen at the ongoing Annual Meetings of the Bank in Malabo.
According to Faal, Nigeria’s trade policy is anchored on ECOWAS, as it continues to play a coordinating role in the region through both the government and its vibrant private sector.
He said that in terms of free movement of persons, Nigeria had performed relatively well by ratifying the relevant ECOWAS instruments concerning free movement of persons, rights of establishments and free movement of workers.
According to him, Nigeria allows nationals holding valid travel document from all other ECOWAS countries to enter its shores visa-free.
Faal said that Nigeria had continued to make strides in trade integration with efforts to harmonise documentation and streamline processes that would allow for the free flow of trade across its borders.
The country director said “Nigeria has an active Export Promotion Council (NEPC), which champions implementation of the ECOWAS Trade Liberalisation Scheme, the main operational tool for promoting Free Trade in West Africa.
Read more at: https://www.pmnewsnigeria.com/2019/06/12/nigeria-is-greatest-contributor-to-wealth-in-w-africa-afdb/
