July 15, 2024

*Okonjo-Iweala

The European Union has reported Nigeria to the World Trade Organisation (WTO).

The complaint was about Nigeria’s policy on dairy.

Director General of the WTO, Dr Ngozi Okonjo-Iweala made said this in Abuja on Tuesday when she visited the Central Bank of Nigeria (CBN).

Okonjo-Iweala said the WTO has received a letter from the European Union complaining of Nigeria’s restrictions on milk and dairy products.

According to her, the WTO will investigate the complaint but urged Nigeria to take advantage of the trade remedy initiative in place at the WTO to protect local industries.

Reacting, CBN Governor Godwin Emefiele, said the process to bring milk and dairy producers has been on for six years with the milk and dairy producers treating the matter with levity.

He said one of the producers has been in Nigeria for over 60 years and has not deemed it necessary to engage in backward integration rather it is comfortable importing products.

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