Moving People


/ News / Article

  • By Guardian

Nigeria ready for AfCFTA as deal starts January

As the African Continental Free Trade Agreement (AfCFTA) gets set to take off in a week, Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has called on Nigerians, particularly industrialists, to take advantage of the inherent opportunities in the deal to promote made-in-Nigeria goods and boost exports.

Recall that AfCFTA, the world’s largest free trade area in terms of the number of participating countries, is expected to commence on January 1. The commencement will signal the implementation of the much-awaited implementation of Africa’s single market.

In a statement signed by his Special Assistant on Media, Ifedayo Sayo, the Minister said Nigeria cannot afford to be left out of the emerging trade bloc. He said AfCTA is a $3.4 trillion opportunity Nigeria must play a leading role.

Adebayo added, “The journey started on July 7, 2019 when Nigeria became the 53rd African country to sign the AfCFTA treaty.

Long before then, it had always been the dream of Nigeria and Africa’s founding fathers to unite the continent in one, shared prosperity. AfCFA will form a $3.4 trillion economic bloc, which Nigeria cannot afford to miss out on.

“We have worked tirelessly to ensure that Nigeria does not only partake as a signatory in name but also become a major trade and economic powerhouse even more than we have been within the ECOWAS region.”

Also speaking on measures taken by the government towards the effective implementation of the agreement, Secretary, National Action Committee on AfCFTA, Francis Anatogu, said.

“We are effectively coordinating with all critical stakeholders to ensure a smooth playing field for Nigerian traders and businessmen to explore the vast market that will open come January 1. We are set to commence a major communication campaign and have tagged January 2021 as AfCFTA Awareness and Sensitization month, which would take place across the six geopolitical zones and would involve various stakeholder groups in public, private and civil society.”

1 view

Subscribe and keep up to date with all the latest news from Oakmark

Subtle Shapes Transparent

Oakmark Global Vision provides a bespoke business package to established corporate bodies, investors, and entrepreneurs who desire to enter the West & Pan African market. Find out more >

© 2021 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

Regional Office

International Office

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T


+234 -(0)- 929 207 02

+234 (0) 704 497 6500

King Court, 17 School Road

Hall Green, Birmingham

United Kingdom  B28, 8JG

+44 (0) 121 244 1814

+44 (0) 746 625 2505

 Oakmark Global Vision Limited