Unlocking Nigeria’s export opportunities in AfCFTA

Now that the African Continental Free Trade Area (AfCFTA) is in full swing, Nigeria has a unique opportunity to diversify its exports. But now the big question is: Is Nigeria’s export hub poised to seize the opportunity?

We all know exports are the engine that drives an economy, and no country becomes excellent just by being an importer. Exports boost the nation’s income and provide a source of growth by increasing its national income. It also leads to a rise in the number of jobs in the economy because the higher the export demand, the more production is needed, and the more jobs are created. Exports also enable a country to reach a balanced trade and balance of payment equilibrium, provided that exports are substantially higher than imports.

The AfCFTA represents an excellent opportunity for Africa to promote trade and economic growth. This historic treaty, bringing together 1.4 billion individuals and a combined GDP of more than $3.4 trillion, will dramatically increase…