Nigeria—the largest economy in Africa—signed the AfCFTA on July 7, 2019, becoming the 34th member of the trading bloc. Under the AfCFTA, Nigeria stands to gain from increased access to cheaper goods and services from other African countries, as its intra-African trade is currently low: Indeed, as of 2018, Nigeria’s imports from the African region relative to total imports was at 3.2 percent while the share of Nigeria’s exports to the African region relative to total exports was 13.2 percent. Moreover, in 2020, Nigeria’s main trading partner was actually China.
September 24, 2021
Quantifying the impact on Nigeria of the African Continental Free Trade Area
Related
West African Think Tanks Convene For TTIPEC Peer Learning Workshop
CSEA joined representatives from other West African think tanks in on July 15-16, 2014 in Accra, Ghana, for the Think Tank Initiative Policy Engagement and Communications (TTIPEC) Peer Learning Work