By Olamilekan Tosin
Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, has praised President Bola Tinubu’s economic reforms, stating they are in the right direction and have successfully stabilized Nigeria’s economy. She emphasized that stability is a necessary foundation for growth and credited Tinubu’s administration for their efforts in achieving this stability.
Okonjo-Iweala made these remarks after a courtesy visit to President Tinubu at the State House in Abuja. She highlighted the need for the next phase of economic development, which is growth, and stressed that the government should prioritize measures to stimulate growth, create jobs, and increase disposable income for Nigerians.
The WTO chief also emphasized the importance of implementing robust social safety nets to cushion the impact of ongoing reforms and alleviate hardship for vulnerable citizens. According to her, both job creation and increased disposable income are vital for ensuring that the benefits of reform reach ordinary Nigerians.
During her visit, Okonjo-Iweala briefed President Tinubu on the launch of the Women Exporters Fund for the Digital Economy, a landmark initiative aimed at empowering Nigerian women in the digital export economy. The fund, jointly managed by the WTO and the International Trade Centre, will provide support to 146 Nigerian women who won a competitive selection process out of 67,000 applicants.
Tinubu’s administration has worked hard to stabilize the economy, which is a prerequisite for sustained growth. The next step is to drive growth, create jobs, and put more money in people’s pockets. inmplementing social safety nets is crucial to help Nigerians weather the hardship caused by economic reforms.
The Women Exporters Fund for the Digital Economy aims to empower Nigerian women entrepreneurs to scale their businesses, create employment, and drive economic growth. This initiative is part of a broader effort to support Nigerian businesses and promote economic development .
