Nigeria has been ranked as the number one importer of commercial services in Africa in 2020, data released by the World Trade Organization (WTO) showed on Friday.
The Geneva-based international trade organization ranked Nigeria 25th commercial importer in the world but the first commercial importer in Africa followed by Egypt which was ranked 28th in the world.
While Egypt and Morocco made the list of world exporters led by the United States, Nigeria was conspicuously absent in the global commercial exporters’ list.
According to Punch, the US also ranked first in the commercial importers’ list followed by China, United Kingdom and Japan; while US, UK, China and India topped the exporters’ list.
Nigeria’s former Finance Minister, Dr Ngozi Okonjo-Iweala, is the first African and first female director-general in the 26-year history of the WTO.