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2017 Nigerian Annual Trade Policy Report Natpor

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2017 Nigerian Annual Trade Policy Report Natpor 2017 NIGERIAN ANNUAL TRADE POLICY REPORT NATPOR TRADE FOR MODERNIZATION, GROWTH AND JOB CREATION. NIGERIAN OFFICE FOR TRADE NEGOTIATIONS GENERAL INFORMATION To order copies of “2017 Nigerian Annual Trade Policy Report” (2017 NATPOR), please contact: NIGERIAN OFFICE FOR TRADE NEGOTIATIONS (NOTN) Export House Aguiyi Ironsi, Maitama, Abuja Tel: +234 9060 006 538 Email: [email protected] Web: www.notn.gov.ng © 2018 Nigerian Office for Trade Negotiations, Abuja, Nigeria All rights reserved First Printing: February 2018 ISBN: 978-978-963-925-0 Text Layout, Drafting and Compilation by Adetola Onayemi. Materials in this publication may be freely quoted, but acknowledgment is required. The designations used and the presentation of materials in this publication do not imply the expression of any opinion whatsoever on the part of the Nigerian Office for Trade Negotiations, concerning the legal status of any country, territory, city, or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. Designations such as “developed”, “industrialized”, “least-developed and “developing” are intended for statistical convenience and do not necessarily express any judgment about the stage of development attained by a particular country or area in the development process. Also, no ideological assumptions are made NIGERIAN or intended. OFFICE FOR TRADE Designed & Printed in Nigeria by SA.DUBS (www.sadubs.com) NEGOTIATIONS Printed on chlorine free paper. 23 26 - 44 45 - 72 73 - 76 H.E Muhammadu Buhari, GCFR H.E Prof. Yemi Osinbajo, SAN, GCON President, Commander-in-Chief of the Armed Forces Vice President, Federal Republic of Nigeria and Chairman of the Federal Republic of Nigeria of the Nigerian Economic Management Team • Dr. Okechukwu E. Enelamah Ambassador Chiedu Osakwe Honourable Minister for Industry, Nigerian Chief Trade Negotiator/Director-General, Trade and Investment Nigerian Office for Trade Negotiations (NOTN) ACKNOWLEDGEMENTS The Nigerian Annual Trade Policy Report is a publication of the Nigerian Office for Trade Negotiations (NOTN). This is the maiden version. The acknowledgements that follow are much more about the publication of this first edition of the Nigerian Annual Trade Policy Report. They include those instrumental in the setting-up of the NOTN and for facilitating understanding of the place of trade policy and associated negotiations in overall economic policy reforms for productivity, competitiveness and growth. he NOTN is immensely grateful for the H.E. Dr. Okechukwu Enelamah, introduced T visionary leadership of His Excellency private sector focus, drive and an implemen- President Muhammadu Buhari GCFR, Presi- tation imperative to the Nigerian Ministry for dent of the Federal Republic of Nigeria, who Industry, Trade and Investment. The NOTN is has prioritized the use of trade and invest- integral to his ambitions for leveraging trade, ment policies for growth, diversification and investment and export promotion for growth modernization of the Nigerian economy. and development. NOTN owes a debt of gratitude to H.E. Vice Establishing a clear role for trade policy, led President Professor Yemi Osinbajo, SAN, by the NOTN, as an integral part of Nigerian GCON, who led the consultations in Nigeria’s Foreign Policy, would have been impossible Economic Management Team (EMT) that with the clear support of H.E. Mr. Geoffrey resulted in the domestic inter-agency Onyeama, Honourable Minister of Foreign consensus for the establishment of the Affairs. NOTN. Vice-President Osinbajo, continues to offer invaluable direction and leadership to H.E. Mrs. Aisha Abubakar, the Honourable address the longstanding problems in Nige- Minister of State on Industry, Trade and ria’s economy through structural reforms. Investment, has remained a solid pillar of support for the NOTN, and constant source of For a bureaucracy that never existed prior to instructive advice. HMS Abubakar has been 14th August 2017, Mrs. Winifred E. Oyo-Ita, and remains critical in the link between the Head of Service, has been most helpful in African Chief Trade Negotiators and African expediting the application of Federal Civil Trade Ministers in the hard work of the Service rules and fulfilling staff require- negotiations to establish the African Conti- ments necessary for setting-up the NOTN. nental Free Trade Area (AfCFTA). notn.gov.ng notn.gov.ng 7 Nigerian Office for Trade Negotiations NATPOR 2017 NATPOR 2017 Nigerian Office for Trade Negotiations 8 The NOTN is grateful to Mr. Abba Kyari, the Business and Nigerian trade policy are of essential information are acknowledged. interns at the NOTN, and Ms. Chidinma Chief of Staff to the President, and Mr. Ade mutually supportive policies. The Editor thanks in particular, Demitta Onyebuchi for her excellent contributions to Ipaye, the Deputy Chief of Staff, for their Gyang, Amara Okenwa, Victor Offiong, this report during her internship with the invaluable assistance to the NOTN. In the The NOTN is grateful for the constant sup- Mayowa Olofin, Winnifred Ofili and Ngozi office. setting-up of the office, the NOTN acknowl- port of the staff of the FMITI, NEPC, Mem- Mozie. Excellent communication advice and edges the contributions and originality of the bers of the Enlarged National Focal Point on outreach were provided by Ms. Constance ideas of Ambassador Yemi Dipeolu, Special Trade (ENFP), Members of the National Ikokwu, assisted by Mr. Chibuzor Emenike. Adviser to the President on Economic Committee on the CFTA, key stakeholders in Competent administrative support and Affairs. Nigeria’s trade policy, the press, and every- secretarial assistance were provided by Mr. one who has supported or offered construc- Hussaini Anani Mohammed and Ms. Agnes The NOTN expresses appreciation to Chief tive feedback to the work of the NOTN. Umoh. The Editor is grateful for the signifi- Segun Awolowo, CEO of the Nigerian Export cant contributions to this report by interns at Promotion Council (NEPC) for providing The initial start-up of the NOTN was assisted the NOTN Mr. Charles Nwaogu and MbaM- initial office accommodation for the NOTN. by support, in terms of training, technical emme Onwudiwe, Harvard Law School Trade Statistic is a key dimension of this assistance, hardware and software, by the Report. Dr. Yemi Kale, Statistician General of Governments of China, Singapore and the the Federation and Director-General of the United Kingdom. The Government of Singa- he NOTN is immensely grateful for the H.E. Dr. Okechukwu Enelamah, introduced Nigerian Bureau of Statistics (NBS), was pore expedited urgent training for the Trade visionary leadership of His Excellency private sector focus, drive and an implemen- instrumental in the coordinated effort to Statisticians in the NOTN on Trade Statistics President Muhammadu Buhari GCFR, Presi- tation imperative to the Nigerian Ministry for establish the statistical parameters for for Trade Negotiators. The United Nations dent of the Federal Republic of Nigeria, who Industry, Trade and Investment. The NOTN is engagement with Nigeria’s trading partners. Economic Commission for Africa (UNECA) has prioritized the use of trade and invest- integral to his ambitions for leveraging trade, Dr. Kale also transferred three (3) top statis- provided critical training and capacity-build- ment policies for growth, diversification and investment and export promotion for growth ticians to the NOTN to assist this work and ing to all of the core start-up staff across the modernization of the Nigerian economy. and development. build the ramp between the NOTN and the classical areas of trade policy. The Govern- NBS. Ms. Yewande Sadiku, Executive Secre- ment of China supplied much needed hard- NOTN owes a debt of gratitude to H.E. Vice Establishing a clear role for trade policy, led tary of the Nigerian Investment Promotion ware. President Professor Yemi Osinbajo, SAN, by the NOTN, as an integral part of Nigerian Commission (NIPC), has been a partner and GCON, who led the consultations in Nigeria’s Foreign Policy, would have been impossible supporter of the NOTN from the beginning. Economic Management Team (EMT) that with the clear support of H.E. Mr. Geoffrey The Executive Secretary made available inally, in terms of the actual preparation resulted in the domestic inter-agency Onyeama, Honourable Minister of Foreign human resource that provided policy and F of this report, this report was prepared consensus for the establishment of the Affairs. intellectual support for the planning of the under the guidance and oversight of the Chief NOTN. Vice-President Osinbajo, continues to High-Level Policy and Private Sector Forum Trade Negotiator for Nigeria and Direc- offer invaluable direction and leadership to H.E. Mrs. Aisha Abubakar, the Honourable on Trade and Investment Facilitation for tor-General of NOTN, Ambassador Chiedu address the longstanding problems in Nige- Minister of State on Industry, Trade and Development. The NOTN expresses its Osakwe. Mr. Adetola Onayemi was the Lead ria’s economy through structural reforms. Investment, has remained a solid pillar of appreciation to Dr. Jumoke Oduwole, Secre- Drafter for this first Nigerian Trade Policy support for the NOTN, and constant source of tary to the Presidential Enabling Business Report. Mr. Akinpelu Akinkunmi led the For a bureaucracy that never existed prior to instructive advice. HMS Abubakar has been Environment Council (PEBEC) and Senior preparation of the information in the statisti- 14th August 2017, Mrs. Winifred E. Oyo-Ita, and remains critical in the link between Special Assistant to the President on Indus- cal chapter, in collaboration with the Nigeri- the Head of Service, has been most helpful in African Chief Trade Negotiators and African try, Trade and Investment, who contributed an Bureau of Statistics. Ms. Ese Ekorhi and expediting the application of Federal Civil Trade Ministers in the hard work of the to establishing the connection between Ms. Omolara Kupolati, provided valuable Service rules and fulfilling staff require- negotiations to establish the African Conti- external trade policy and improving Nigeria’s support in gathering statistical information.
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