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AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025
NG🏛️ Politics6 days ago

AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025

In 2025, Nigeria saw a 21% rise in intra-African trade, reaching $9.02 billion, according to the African Trade Report 2026 by Afreximbank. This growth reflects the impact of the African Continental Free Trade Area (AfCFTA), which has helped reduce trade barriers and open new export opportunities. While crude oil remains Nigeria's main export within Africa, there has been a growing emphasis on non-oil exports like chemicals, plastics, rubber products, processed agricultural goods, and construction materials. Nigeria aims to decrease reliance on external markets and boost local manufacturing through improved regional trade. Initiatives such as Nigeria's Provisional Schedule of Tariff Concessions and new logistics projects, including an air cargo corridor connecting Nigeria to East and Southern Africa, have contributed to this progress.

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Vanguard Nigeria logoVanguard NigeriaIndependentCenter6 days ago
AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025

In 2025, Nigeria saw a 21% rise in intra-African trade, reaching $9.02 billion, according to the African Trade Report 2026 by Afreximbank. This growth reflects the impact of the African Continental Free Trade Area (AfCFTA), which has helped reduce trade barriers and open new export opportunities. While crude oil remains Nigeria's main export within Africa, there has been a growing emphasis on non-oil exports like chemicals, plastics, rubber products, processed agricultural goods, and construction materials. Nigeria aims to decrease reliance on external markets and boost local manufacturing through improved regional trade. Initiatives such as Nigeria's Provisional Schedule of Tariff Concessions and new logistics projects, including an air cargo corridor connecting Nigeria to East and Southern Africa, have contributed to this progress.

Bias read (Center): The article presents factual data and developments related to Nigeria's economic policies and trade strategies under the AfCFTA framework. It does not exhibit overtly biased language, one-sided sourcing, or omission of context. The content focuses on reported outcomes and initiatives without clear倾向

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