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
By Adedeji Adeniran Economic crisis is no doubt a painful episode for different economic entities; however it also presents an opportunity for implementing reforms, especially for economies like
CSEA is currently carrying out a research project for the South African Institute of International Affairs (SAIIA), as part of theGlobal Economic Governance(GEG) research programme, which focuses on
The attainment of Nigerias development aspirations depend largely on the appropriateness of the economic decisions made today. Given its mono-cultural nature, the sustainability of the Nigerian econo