The World Trade Organization (WTO) Director-General, Ngozi Okonjo-Iweala has praised the President Bola Tinubu-led administration’s economic reforms.
Okonjo-Iweala, who met with the president behind closed door described the meeting as “very good,” said the President was “gracious” to receive her.
Speaking to reporters, Okonjo-Iweala said that the economic reforms under Tinubu’s leadership are “in the right direction.”
She also mentioned that her meeting with the President focused on a new initiative to empower Nigerian women in the digital export economy.
She said: “We came to brief Mr. President about something very joyful that we did today with the help of the First Lady – the launch of the Women Exporters Fund for the Digital Economy. This fund, jointly managed by the WTO and the International Trade Centre, in Geneva, to help support the economy and support women, to be able to weather the storms of the economy and be able to create jobs for themselves, for others.
“So, we came to brief Mr. President about this fund, which we launched. the Minister of Trade and Investment has been shepherding this effort in Nigeria, along with the Nigerian Export Promotion Council.
“Nigeria competed and won one of four countries that won globally to be part of this new initiative. We had 67,000 Nigerian women who applied for this and 146 won and they are going to have money disbursed directly to them. 16 of them, won what we call the booster track, those who already have businesses, but their businesses will be scaled up.
“They will receive technical and business support for 18 months from the WTO and the ITC and working with the ministry, so we will all work together to make sure that their businesses expand, they employ more people, they put money in their households pocket and in the nation’s pocket, then another 100 will get directly $5,000 to scale up to start and strengthen their businesses again with 12 months of business support.
“We think that the President and his team, have worked hard to stabilize the economy, and you cannot really improve an economy unless it’s stable. So he has to be given the credit for the stability of the economy. So the reforms have been in the right direction.”