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Nigeria Takes Bold Step to Boost AfCFTA Trade

By SG Editor·
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Nigeria has officially committed to the African Continental Free Trade Area (AfCFTA) by gazetting the ECOWAS Tariff Schedule, positioning the country for enhanced regional trade. This move, signed by President Bola Ahmed Tinubu, aligns with Nigeria’s goal to reduce tariffs on 90% of goods, boosting exports and regional competitiveness. The decision is expected to benefit businesses, particularly small and medium enterprises (SMEs), by offering access to African markets at reduced costs. The tariff plan also supports Nigeria’s leadership role in Africa’s digital trade agenda, promoting e-commerce and cross-border payments. This milestone marks a significant step toward economic integration, job creation, and increased investment within Africa’s single market.

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Nigeria Takes Bold Step to Boost AfCFTA Trade | africa.com