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Economy Now Stable Under Tinubu~ Okonjo Iweala
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8/25/2025, 5:00:00 PM
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8/14/2025, 4:51:15 PM
By Eniekenemi Atoukudu - 8/14/2025, 4:50:53 PM
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The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, on Thursday held a closed-door meeting with President Bola Tinubu at the Presidential Villa. She praised President Tinubu’s administration for implementing reforms that are bringing stability to Nigeria’s economy. Okonjo-Iweala, who described the engagement as “very good,” noted that the President was “gracious” to receive her shortly after she joined First Lady, Senator Oluremi Tinubu, to launch a Women Exporters Fund earlier in the day. The fund, jointly administered by the WTO and the International Trade Centre (ITC) in Geneva, is designed to support Nigerian women entrepreneurs in expanding their businesses, generating employment, and increasing household incomes within the digital economy. “Nigeria competed and emerged as one of only four countries globally selected for this new programme,” she said. “Out of 67,000 Nigerian women who applied, 146 were chosen as beneficiaries.” Of these beneficiaries, sixteen under the “Booster Track” already manage established businesses that will be scaled up through 18 months of technical and business support from the WTO, ITC, the Federal Ministry of Industry, Trade and Investment, and the Nigerian Export Promotion Council. Another 100 will each receive \$5,000 in direct funding plus a year of business development assistance, while the rest will get customised support to strengthen their enterprises. “This is just the beginning,” Okonjo-Iweala emphasised, highlighting the programme’s potential to diversify Nigeria’s economic base and empower women. Speaking on the economy, the WTO chief—who previously served as Minister of Finance and Coordinating Minister of the Economy under President Goodluck Jonathan—credited the Tinubu government with establishing economic stability, which she described as an essential platform for growth.
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