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FG Inaugurates Committee To Review Trade Policy
The Federal Government has inaugurated a committee to review Nigeria’s trade policy as part of efforts to clearly map out strategies to address various trade imbalances facing the country.
Dr Olusegun Aganga, the Minister of Trade and Investment, who inaugurated the committee in Abuja on Wednesday, said Nigeria required a sound trade policy that was business friendly.
Agangasaid this would enable the country to realise its objectives of growing the economy and attracting substantial local and foreign investment as well as increasing its share of the global trade in the next four years.
According to him, the policy must also be compliant with Nigeria’s commitment to multilateral, regional and bilateral trade agreements.
“The new trade policy should be able to drive the transformation agenda and not just be a mere input to its realisation.
“It should also be able to leverage on competitive advantage, strengthen the country’s economy and reposition it as an effective player in the international training environment,’’ Aganga said.
He said that the trade policy when fully operational would play a vital role in articulating Nigeria’s economic interests, which would reflect in trade negotiations and also contribute to strengthening the capacity of the nation to participate effectively and benefit from bilateral trade.
Agangasaid “the broader objectives of this exercise is to develop a sound and comprehensive trade policy that will drive Nigeria’s trade and investment development and assist in the implementation of supporting domestic policies.’’ He added that it would further “ enhance and facilitate trade towards attaining her vision of becoming one of the 20 largest economies by year 2020’’.
The minister said that the work of the committee was challenging and that its membership had been carefully chosen to ensure the success of the exercise.
The committee, chaired by Prof. Ade Oyejide from the University of Ibadan, is to examine Nigeria’s trade policy published in 2002 with the World Trade Organisation (WTO) trade review documents of Nigeria for 2005.
Other terms of reference are to identify specific gaps that need to be addressed by the new trade policy, including the reasons why the previous review exercise had not achieved the previous results.
Others include to assess the impact of the previous trade and investment policies on sectoral industrial production and productive capacity on trade and how development in the two sectors have affected poverty, employment and productivity, among others. The committee has three weeks to submit its report.
Responding on behalf of other members, Oyejide assured the minister that they would do a thorough job and thanked him for giving them the opportunity to serve.
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The Senate President, Senator Godswill Akpabio, has directed his lawyers to withdraw all ongoing defamation lawsuits against several individuals, saying he was moved by counsel during a New Year Mass.
Speaking at the Sacred Heart Parish in Uyo, yesterday, Akpabio said he had filed nearly nine lawsuits against individuals he accused of defaming him.
He said, “I had almost nine cases in court against some individuals who defamed me, who lied against me, who slandered my name.
“But I listened to the priest and suddenly realised he was talking to me, so I hereby direct my solicitor to withdraw all lawsuits against them.”
In 2025, Akpabio had filed several high-profile defamation lawsuits, including one against colleague Senator Natasha Akpoti?Uduaghan.
In late 2025, Akpabio filed a N200 billion defamation lawsuit against her over allegations of sexual harassment, which he denied and urged her to substantiate in court.
Earlier in the year, Akpabio’s wife also filed defamation suits against Akpoti?Uduaghan over claims she said had harmed her family’s reputation.
Relations between the two lawmakers soured after Akpoti?Uduaghan accused Akpabio of influencing her suspension from the Senate in March 2025, following her public allegations of misconduct.
The Senator had previously challenged actions taken against her in court, including a N100 billion defamation suit she filed against Akpabio and other defendants over alleged remarks that she said damaged her reputation.
With yesterday’s announcement, Akpabio has formally ended all pending legal disputes arising from defamation claims, signalling closure to the publicised litigations as the year begins.
Rivers State Governor, Sir Siminalayi Fubara, has declared that the best form of gratitude Rivers people owe President Bola Ahmed Tinubu for protecting the interest of the State is to galvanize massive support for the President in 2027.
Fubara disclosed this last Monday during the commissioning of Permanent Secretaries Quarters built by his administration at Elimgbu in Obio Akpor Local Government Area of the State.
He said that the State has what it takes to deliver the President during the 2027 general elections.
“We’ve taken a decision,our decision is for the good of Rivers State, our decision is to say thank you for the protection we have from Mr President, our decision is to prove that we have what it takes to deliver Mr President.”
Fubara expressed delight over the completion of the project, stating that the initiative was to provide accommodation, a basic need of life for public servants in the state to improve their productivity.
He explained that lack of effective social welfare was at the root of some incriminating actions that undermine the purpose of governance, noting that the commissioning of the newly built Permanent Secretaries Quarters marks a significant milestone in civil service welfare and institutional development.
“Insecurity begins when individuals are uncertain of what the next hour holds. This situation is especially challenging for family men and women, affecting confidence and decision-making,” he observed.
Fubara emphasized the need for proper maintenance of the facility and urged the beneficiaries to protect the project like a personal property, while directing the State Head of Service to appoint a facility manager to ensure long-term maintenance.
In her remarks, the Special Guest of Honour and Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, who unveiled the project, expressed appreciation to the governor and Rivers State for inviting her to commission the project.
She commended Fubara for prioritizing the welfare of Permanent Secretaries who are senior public servants and accounting officers, noting that the project reflects purposeful and visionary leadership, and urged other states to borrow a cue from the Rivers State Governor.
Walson-Jack described the initiative as a strategic investment in staff welfare and institutional continuity which she noted is in line with Renewed Hope Initiative on provision of mass housing and social stability.
“The commissioning of these houses reflect a deliberate commitment to the dignity, welfare, and productivity of senior public servants responsible for policy coordination and service delivery,” she said.
In his goodwill message, the National Secretary of the All Progressives Congress (APC), Senator Ajibode Bashiru, who led a high powered delegation on a visit to the governor, congratulated Rivers people for aligning with the Pan Nigerian political party, assuring that the interest of Rivers State will be duly protected in the APC.
He described President Bola Tinubu as a detribalised Nigerian who anchors his leadership on equity, fairness and justice, adding that the APC will provide a level playing ground for all.
The APC chief scribe also commended Fubara for providing good accommodation for public servants, stating that it will address issues of sabotage, compromise and disloyalty on the part of public servants.
Giving the project description, Permanent Secretary, Rivers State Ministry of Works, Dr. Austin Ezekiel-Hart, said the estate comprises 29 units, including nine standalone duplexes and 20 terrace buildings.
Facilities feature a water treatment plant, synchronized power generators, CCTV and alarm systems, a gym, recreational areas, and green spaces—designed to enhance comfort, performance, and productivity.
Earlier, the Head of the Rivers State Civil Service, Dr Mrs Inyingi Brown, had thanked the governor for his visionary initiative and unwavering commitment to the welfare of Rivers State Civil Servants, and restated the commitment of the State civil servants to the success of Fubara’s administration.
By: Taneh Beemene