Why any country refuses to export Nigeria – adviser to the president -Nigerian

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Agency report

The federal government wrote on Sunday to trade politics Nations as one of the reasons why some of the country's exports faced challenges in their target countries.

Adeyemi Dipeolu, Special Advisor to the President of the Economic Affairs President, Vice President's Office, made this known at an interactive meeting with journalists in Lagos,

Mr Dipeolu said that because of the international politicssome target countries have rejected the country's exports because Nigeria had commented on imports from these countries.

He said that in today's politics, it is difficult for the current government to harm its local industries for the benefit of a foreign nation.

The presidential adviser said that the current government does not allow the import of certain goods for which Nigeria has a comparative advantage.

"For example, yams that are said to be grown in a neighboring country are accepted by most advanced and developing countries, while the yams are grown in Nigeria.

"It's all trade policy that will eventually make up. Therefore, it is better to be self-sufficient in food production than to rely on the import of such food, "he said.

He added that it was inadvisable for Nigeria to deplete its foreign currency reserves for food imports, as this could cause people to push their food-overs.

He said the federal government did not sign the African Continental Free Trade Agreement (AfCFTA) agreement to save Nigeria from dumping foreign goods.

Mr. Dipeolu said the country needed to conduct a thorough review of such an agreement to ensure that the agreement did not negatively impact local industries.

Regarding power generation, he said the country's electricity production reached 8,100 megawatts (MW), and the government has been working on transmission lines to end the epileptic electricity supply in some parts of the country.

"The road is that the government is working on gas and other environmentally friendly means to provide people with enough energy," he said.

He told the journalists that the country economy That was more than $ 100 trillion, and the government alone could not finance the economy, whose growth rate was rising.

He called on the private sector to help the government to create an environment in which the economy can thrive.

(NAN)

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