Nigerian Companies Produce Over 6,900 Products Under ECOWAS Trade Liberalisation

The Minister of State for Foreign Affairs, Zubairu Dada, said Nigeria’s products represent between 60 to 70 percent of the entire Economic Community of West African States Trade Liberalisation Scheme.

Dada, who declared open a consultative workshop on ECOWAS post-2020 Vision, said Nigeria has over 2,400 companies under the scheme, adding that these companies produce over 6,900 products.

The minister stated, “Under the ECOWAS Trade Liberalization Scheme, the region has eliminated over 95 per cent of trade barriers along the border of member states.

“Presently, Nigeria has over 2,400 companies, with over 6,900 products under the scheme. Nigeria alone accounts for 60-70 per cent of the products under ETLS.”

Dada explained that as the December 2020 deadline for the ECOWAS Vision 2020 approaches, solid response to the many challenges facing the region becomes imperative.

According to the Minister, positive developments in West African nations are some of the achievements recorded in the region in the past years.