{"id":1462,"date":"2026-07-30T10:29:33","date_gmt":"2026-07-30T10:29:33","guid":{"rendered":"https:\/\/kufmtv.net\/?p=1462"},"modified":"2026-07-30T10:29:43","modified_gmt":"2026-07-30T10:29:43","slug":"the-director-general-of-the-world-trade-organization-dr-ngozi-okonjo-iweala-urges-nigeria-to-sustain-reforms-manage-debt-cautiously","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/07\/30\/the-director-general-of-the-world-trade-organization-dr-ngozi-okonjo-iweala-urges-nigeria-to-sustain-reforms-manage-debt-cautiously\/","title":{"rendered":"THE DIRECTOR GENERAL OF THE WORLD TRADE ORGANIZATION DR NGOZI OKONJO-IWEALA, URGES NIGERIA TO SUSTAIN REFORMS, MANAGE DEBT CAUTIOUSLY"},"content":{"rendered":"\n
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The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has urged Nigeria to sustain its ongoing economic reforms while exercising caution in debt contracting and management, stressing that the country must create jobs and ensure citizens feel the benefits of the reforms.<\/p>\n\n\n\n

Okonjo-Iweala made the call on Wednesday during a fireside conversation with the Governor of the Central Bank of Nigeria, Olayemi Cardoso, at the 7th Africa Emerging Markets Forum in Abuja.<\/p>\n\n\n\n

The forum, themed Building Resilience Amidst Geoeconomic Uncertainties, was organised by the CBN in collaboration with the Emerging Markets Forum and the Centre for the Study of the Economies of Africa.<\/p>\n\n\n\n

Commending the monetary and foreign exchange reforms introduced by the CBN, the WTO chief said Nigeria should remain committed to macroeconomic reforms while maintaining fiscal discipline.<\/p>\n\n\n\n

Okonjo-Iweala said that despite geopolitical tensions and policy uncertainty, global trade remained resilient, disclosing that the value of global goods and services trade reached a record $34.65tn in 2025, up seven per cent from the previous year.<\/p>\n\n\n\n

She argued that predictions of widespread trade fragmentation had not materialised, noting that about 72 per cent of global goods trade still flowed under World Trade Organisation rules.<\/p>\n\n\n\n

She also urged African countries to seize opportunities arising from global supply chain diversification, particularly in critical minerals, saying the continent should move beyond exporting raw materials to building regional value chains and processing industries.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has urged Nigeria to sustain its ongoing economic reforms while 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