National Economy
Friday, July 11, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Lead-In

AfCFTA: Nigeria Launches Trade Initiative To Boost Exports

by `
11 months ago
in Lead-In
Reading Time: 2 mins read
Trade,AfCFTA
Share on FacebookShare on TwitterShare on Telegram

You May Like

World Bank Approves $65m Loan For Nigeria’s SPESSE Project

Nigeria’s Money Supply Falls to ₦119trn In May Amid CBN Tightening

Nigeria has officially launched the Guided Trade Initiative under the African Continental Free Trade Area (AfCFTA), a move aimed at significantly boosting exports and creating job opportunities within the country. This initiative represents a major step forward in leveraging AfCFTA to foster economic growth and regional integration.
During the unveiling ceremony held recently in Lagos, President Bola Ahmed Tinubu highlighted the transformative potential of the initiative. He projected that the Guided Trade Initiative could unlock approximately $50 billion in economic opportunities for Nigerian businesses. Tinubu emphasized that AfCFTA is not merely a trade agreement but a powerful catalyst for industrialization and economic development.
In addition to President Tinubu’s remarks, key figures in Nigeria’s economic sector underscored the importance of the initiative. Minister of Finance Wale Edun and Minister of Industry, Trade, and Investment Dr. Doris Uzoka-Anite both spoke about the strategic significance of the Guided Trade Initiative. They emphasized how the initiative will play a crucial role in propelling Nigeria’s economic growth, enhancing regional integration, and strengthening the country’s position in the global market.
At the event, Svenja Ossman, the GIZ ECOWAS Cluster Coordinator, represented the German Corporation for International Cooperation (GIZ) and the Economic Community of West African States (ECOWAS). Ossman highlighted Germany’s commitment to supporting the AfCFTA project through the ECOWAS AfCFTA initiative. This project is designed to bolster the implementation framework across West Africa, ensuring that the benefits of AfCFTA are maximized throughout the region.
Ossman expressed enthusiasm about Nigeria’s official start of trade under the preferential regime established by AfCFTA, stating, “We are pleased to witness Nigeria’s official commencement of trade under the preferential regime established by AfCFTA.” This statement underscores the international support for Nigeria’s new initiative and its alignment with broader regional goals.
The launch of the Guided Trade Initiative marks a significant milestone in Nigeria’s engagement with AfCFTA, setting the stage for enhanced trade opportunities and economic growth across the continent.

 

Tags: AFCFTATrade
ShareTweetShare
Previous Post

Inflation Reduction Act: Tax Breaks For Companies Hiring More Staff

Next Post

Crude Oil Refinery Owners Await Guidelines For Naira Sales

ANOTHER GOOD READ

World Bank Approves $65m Loan For Nigeria’s SPESSE Project
Lead-In

World Bank Approves $65m Loan For Nigeria’s SPESSE Project

4 days ago
Nigeria’s Money Supply Falls to ₦119trn In May Amid CBN Tightening
Lead-In

Nigeria’s Money Supply Falls to ₦119trn In May Amid CBN Tightening

4 days ago
FG Okays 37 New Oil Routes To Halt Theft
Lead-In

FG Okays 37 New Oil Routes To Halt Theft

4 days ago
Nigeria’s Power Generation Rises By 10.92 % In Q1 2025
Lead-In

Nigeria’s Power Generation Rises By 10.92 % In Q1 2025

4 days ago
Foreign Artisans Taking Over Local Jobs
Cover

Foreign Artisans Taking Over Local Jobs

4 days ago
‘Intra-African Trade To Hit $440bn By 2035 With Full AfCFTA’
Lead-In

‘Intra-African Trade To Hit $440bn By 2035 With Full AfCFTA’

2 weeks ago
Next Post
Crude Oil Refinery Owners Await Guidelines For Naira Sales

Crude Oil Refinery Owners Await Guidelines For Naira Sales

Most Recent

Trump Cryptocurrency Drops Amid US Tariff Backlash

Trump Threatens 10% Tariff On Countries Aligning With BRICS

July 7, 2025
China Hits US With Retaliatory Tariffs, Launches Probe Into Google Practices

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

July 7, 2025
CBN Unveils New Liquidity Instruments For NIFIs

CBN Clarifies BVN Fee For Nigerians In Diaspora

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

Fiscal Governance Lifeblood Of National Development— Tinubu

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

At BRICS Summit,Tinubu Demands Reform Of Global Financial, Health Systems

July 7, 2025
LG Launches “Radio Optimism” Campaign

LG Launches “Radio Optimism” Campaign

July 7, 2025
Are Africans Genetically Inferior?

Are Africans Genetically Inferior?

July 7, 2025
Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

July 7, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy