The United States and the European Union have raised concerns at the World Trade Organisation about Nigeria’s central bank curbs on access to foreign currency, a WTO official said on Wednesday.
At least nine WTO members raised concerns about the trade-related impact of the rules announced in June, including on fisheries, agriculture, plastics and aircraft.
Switzerland, Thailand, Malaysia, Chile, Norway, Iceland and Uruguay also aired concerns at the meeting of the WTO’s Council for Trade in Goods on Tuesday, the official said.
The concerns will be one of the issues that the new finance minister, Kemi Adeosun will need to deal with as she settles in office.
An investment banker, Adeosun was sworn in today by President Muhammadu Buhari, ending worries over the constitution of his cabinet, more than five months after he was sworn into office.
Adeosun is a UK-trained accountant and was most recently the finance commissioner of southwestern Ogun state.