• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Starts Trading Under AfCFTA, Sees $50bn In Benefits

by Yusuf Babalola and Royal Ibeh
11 months ago
in News, Cover Stories
AfCFTA
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has reiterated its commitment to making sure that the $50 billion African Continental Free Trade Area (AfCFTA) benefits Nigerian companies of all sizes.

Advertisement

President Bola Tinubu made this announcement on Tuesday during the launch of the Guided Trade Initiative under AfCFTA.

Represented by the secretary to the government of the federation, George Akume, Tinubu highlighted AfCFTA’s potential to revolutionise the continent’s economic landscape.
According to Tinubu, the AfCFTA is an ambitious vision for the industrialisation, equitable growth, and prosperity of Africa and goes beyond a trade deal.
“In the interest of our stakeholders and collective survival, it requires us to embrace challenges ahead with enthusiasm and readiness to tackle them head-on,” he said.
The president stressed that Nigeria must make the AfCFTA work, and that doing so will take a great deal of dedication and resolve.
In order to guarantee the effective execution of the AfCFTA, Tinubu outlined a plan centred on establishing a conducive atmosphere that supports enterprises, encourages creativity, and enhances competitiveness.

Collaboration with continental partners will be crucial to ensure that the benefits of AfCFTA are equitably distributed and inclusive, he added.

Tinubu praised the pioneering companies involved in the initiative, noting their belief in the potential of made-in-Nigeria products and the vast opportunities presented by AfCFTA.

RELATED

Dangote Refinery’s Completion To Make Naira Stronger

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

25 minutes ago
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

26 minutes ago

“These trailblazing businesses have made history by taking this bold step, and they set a precedent for others to follow. Their success is our success, and their journey is our journey,” he said, highlighting the importance of continuous innovation and efficiency in maintaining Nigeria’s competitive edge.

The president assured that the government will continue to support Nigerian enterprises at all levels, ensuring they benefit from AfCFTA. “Pursuit of the key elements will be laser-focused on ensuring that every Nigerian enterprise, from small and medium-sized enterprises to large corporations, benefit from this agreement. The government will continue to provide the necessary support to facilitate the effective implementation of AfCFTA, at the domestic, sub-regional, and continental levels,” he said.

He called for a collective effort to make AfCFTA a success, reaffirming his administration’s commitment to working tirelessly towards this goal.

“Let us reaffirm our commitment to making AfCFTA a success by working with enthusiasm and a shared sense of purpose. As we embark on this journey together, therefore, my administration will work tirelessly to ensure that every Nigerian benefits from this historic agreement. Let me add that the institutional and legal framework will be strengthened to help achieve the implementation objectives,” he added.

With the launch of the Guided Trade Initiative, Tinubu declared a significant leap forward, envisioning it as a catalyst for intra-African trade, economic diversification, and sustainable development.

Tinubu added that the platform would open new markets for Nigerian products, enhance competitiveness, and create jobs.

National coordinator of AfCFTA, Mr. Olusegun Awolowo, emphasized that the agreement leverages Africa’s vast resources to deepen industrialisation, engage the youthful population, and facilitate inclusive economic growth.

Awolowo stressed that trade is the most sustainable path to prosperity, urging Nigeria and other African countries to export their way out of poverty, unemployment, and economic depression.

“Today, having fully fulfilled all the requirements for accession to the Guided Trade Initiative we stand as witnesses to the official flag-off of trade under this preferential trading arrangement with this symbolic shipment of a container from Apapa ports,” Awolowo said.

Awolowo revealed that, following the official launch, ten companies are set to begin exporting Nigerian products to five countries across East, Central, and North Africa.

“Some of the companies include Le Look Nigeria Limited, exporting bags to Kenya, representing all the female entrepreneurs, Secure ID Limited, exporting smart cards to Cameroon, Dangote exporting clinkers to Cameroon,” he stated.

Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, reiterated Nigeria’s commitment to development and the immense promise AfCFTA holds for industrialisation.

She called on all stakeholders to join hands in ensuring AfCFTA delivers for the people, leveraging the platform to harness the available opportunities.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: AfCFTA
SendShareTweetShare
Previous Post

Reps Challenge New AMCON Team To Recover N5trn Debt

Next Post

Poor Feeding: Federal College Sends Protesting Students Home, Threatens LEADERSHIP Reporter

Yusuf Babalola and Royal Ibeh

Yusuf Babalola and Royal Ibeh

You May Like

Dangote Refinery’s Completion To Make Naira Stronger
Business

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

2025/06/08
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

2025/06/08
JUST IN: Nigerian Stocks End 8-Day Gains As Banks Slide
Business

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

2025/06/08
NLNG Ties 2023 Science Quiz Competition To Net Zero Emission
Business

NLNG Launches Human Capital Devt Programme Under Train 7 Project

2025/06/08
SEC Warns Nigerians Against Unregistered Investment Schemes
Business

New Meme Coin, PUNISHER COIN, Not Registered – SEC

2025/06/08
UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans
World News

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans

2025/06/08
Leadership Conference advertisement

LATEST

Of Eid, Sacrifice, And The Politics Of Hope

Understanding Lumbar Spondylosis: What Your Lower Back Is Telling You

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

NLNG Launches Human Capital Devt Programme Under Train 7 Project

New Meme Coin, PUNISHER COIN, Not Registered – SEC

How WAES Can Unlock West Africa’s Economic Potential

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans

Nigeria Partners Cuba To Strengthen STI Development

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.