WTO Gives Damning Report On Nigeria

The World Trade Organisation (WTO) says Nigeria is the number one importer of goods and services in Africa.

The report contained in WTO’s data on the ‘Leading Exporters and Importers of Commercial services excluding intra-EU Trade 2020’, was released on Friday.

Ngozi Okonjo-Iweala
Ngozi Okonjo Iweala

According to the data, in 2020, Nigeria ranked first on the list of 25 largest importer of commercial services in the world, while Egypt emerges second in Africa and number 28 globally .

However, Nigeria did not make the list of top exporters of commercial services in the world, while Egypt and Morocco made the list of top 30 exporters worldwide among African countries.

Egypt and Morocco emerged number 26 and 27 respectively as the largest exporters of commercial services worldwide.

Meanwhile, United States (US) ranked first as the top commercial importer and exporter of goods, the United Kingdom (UK) followed as the second largest exporter of goods with China, India and Singapore.

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