Nigeria To Enjoy Preferential Trade Access To U.S. Market—Envoy

United State Ambassador to Nigeria, Mary Leonard, says Nigeria will continue to be eligible for preferential trade access to US market under the African Growth and Opportunity Act AGOA.

Leonard said this when she visited the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo.

According to a statement issued in Abuja by the minister’s Special Adviser on Media, Ifedayo Sayo, Leonard said that Nigeria became eligible after a review of the criteria set by the US Congress under AGOA.

She said that the criteria for eligibility among other things included the establishment of a market-based economy, rule of law, political pluralism, right to due process, fair trial and equal protection under the law.

In his response, Adebayo expressed happiness with the US.  Government’s report which allowed Nigeria to continue to enjoy preferential trade access to the US market.

The minister said that the report was an affirmation of the progress the country was making to reposition the economy for better performance.