Overview

The Trade Policy of Nigeria 2023-2027 is a comprehensive document that outlines Nigeria's trade strategy and objectives for the five-year period. It is issued by the Federal Ministry of Industry, Trade and Investment in January 2023. The policy is structured into seven chapters covering situational analysis, international trade arrangements, import and export policies, trade in services, complementary policies, and institutional framework. Key objectives include diversifying the economy away from oil, promoting non-oil exports, enhancing competitiveness, and integrating into regional and global trade systems. The policy emphasizes support for Micro, Small and Medium Enterprises (MSMEs), women and youth in trade, digital economy, intellectual property rights, trade facilitation, and infrastructure development. It also addresses trade remedies, standards, and environmental sustainability. The policy aligns with Nigeria's commitments under multilateral (WTO), regional (ECOWAS, AfCFTA), and bilateral trade agreements, including AGOA. The institutional framework includes the Presidential Economic Advisory Council, Trade Policy Advisory Council, National Council on Industry, Trade and Investment, Enlarged National Focal Point on Trade, Nigerian Office for Trade Negotiations, and a Commercial Officer Cadre Service.

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