Three weeks after the war between Russia and Ukraine began, the Federal Government says it is working on a new trade policy with nations under the former Union of Soviet Socialist Republic, with whom it shares important mutual trade relations.
The policy is meant to immune the Nigerian economy from the numerous sanctions from Western countries currently strangling Russia.
The Minister of Industry, Trade and Investments, Niyi Adebayo, disclosed this to State House correspondents on Thursday in Abuja during the weekly inter-ministerial briefing at the Presidential Villa, Abuja.
According to Adebayo, the trade policy will be subjected to thorough considerations before being presented to the President, Major General Muhammadu Buhari (retd.) and, finally, to the public.