Nigeria launches coordinated push to boost leadership role in AfCFTA

AfCFTA would cover a $3.4-trillion market of 1.4 billion.

The initiative was highlighted at the inaugural AfCFTA Public-Private-Press (P3) Summit, convened by the country’s Ministry of Industry, Trade and Investment in collaboration with the AfCFTA central coordination committee, with support from Afreximbank and other partners.

Nigeria’s minister handling the portfolio Jumoke Oduwole said the country’s economic ambitions are tied to a more active participation in intra-African trade.

These include tariff concessions for AfCFTA-eligible goods, expanded digital trade leadership, improved customs capacity, new air-cargo export routes and the launch of market intelligence tools for exporters.

“Government institutions will adopt a performance barometer, the private sector will define pillars of Nigeria’s AfCFTA market strategy, and the media will ensure accurate and constructive national communication,” she was quoted as saying by domestic media reports.

Minister of Budget and Economic Planning Abubakar Atiku Bagudu called for clarity regarding responsibilities and better governance alignment to support national economic priorities.

ALCHEMPro News Desk (DS)