Okonjo-Iweala Urges Nigeria to Sustain Economic Reforms

Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, called on Nigeria to sustain its economic reforms and exercise caution in debt management during a fireside conversation with Olayemi Cardoso, the Governor of the Central Bank of Nigeria, at the 7th Africa Emerging Markets Forum held in Abuja.

The forum, themed "Building Resilience Amidst Geoeconomic Uncertainties," was organized by the Central Bank of Nigeria in collaboration with the Emerging Markets Forum and the Centre for the Study of the Economies of Africa. Okonjo-Iweala commended the monetary and foreign exchange reforms introduced by the CBN and stressed the need for Nigeria to focus on creating jobs and ensuring that citizens benefit from the reforms.

She noted that despite global geopolitical tensions, global trade remained resilient, with the value of global goods and services trade reaching a record $34.65 trillion in 2025. Additionally, she urged African nations to capitalize on global supply chain diversification and develop regional value chains.