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Breaking: Nigeria Completes AfCFTA Implementation Review, Eyes Regional Trade Boom
The Federal Government has concluded its first five‑year implementation review of the African Continental Free Trade Area (AfCFTA), a milestone that advances Nigeria’s drive to harness the full potential of intra‑African trade and cement its status as a regional economic powerhouse.....KINDLY READ THE FULL STORY HERE▶
Carried out in line with Article 28 of the AfCFTA Agreement, the assessment measured Nigeria’s compliance with key protocols and commitments under the pact.
The review was coordinated by the Federal Ministry of Industry, Trade and Investment, with technical and financial backing from the United Nations Development Programme’s Regional Bureau for Africa.
In a statement on Wednesday, the ministry noted that the exercise underscores Nigeria’s leadership in regional integration and its determination to build a diversified, inclusive, and globally competitive economy.
Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, who initiated the review, said it was crucial to track progress, identify implementation gaps, and enhance institutional readiness for deeper trade integration across the continent.
“Our steadfast commitment to AfCFTA implementation stems from our belief that continental economic integration, powered by trade, is key to Africa’s shared prosperity and global relevance. Nigeria is uniquely positioned to serve as a hub for innovation, production, and trade in the AfCFTA market,” she said.
The exercise followed the creation of the AfCFTA Central Coordination Committee in March 2025. Inaugurated by Dr. Oduwole, the committee brings together over 20 key Ministries, Departments, and Agencies (MDAs) alongside private‑sector representatives, serving as a national platform for coordination of implementation, negotiations, and domestication of AfCFTA obligations.
The review evaluated Nigeria’s progress on the AfCFTA Framework Agreement and Phase I Protocols—covering Trade in Goods, Trade in Services, and Rules and Procedures on the Settlement of Disputes. Each participating MDA assessed its alignment, capacity needs, and performance, culminating in clear, actionable policy recommendations.
“This process has distilled three critical lessons…” (statement continues).
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