Nigeria Aims to Lead Intra-African Trade with Strategic Investments and Reforms

October 17, 2025
Nigeria Aims to Lead Intra-African Trade with Strategic Investments and Reforms
  • Vice-President Kashim Shettima announced Nigeria's strategic goal to lead the intra-African trade and investment revolution, emphasizing government efforts to improve the business environment and attract investment.

  • Shettima highlighted President Bola Tinubu's commitment to currency stabilization, subsidy rationalization, and deepening reforms through the Presidential Enabling Business Environment Council (PEBEC), all aimed at boosting investment.

  • He stressed the vital role of Nigerian states and subnational governments in driving economic integration under the African Continental Free Trade Area (AfCFTA), positioning Nigeria as a continental leader due to its large market, GDP, and demographic advantages.

  • The forum's theme, 'Facilitating Intra-African Trade,' focused on transforming trade potential into tangible results and unlocking investment opportunities within Nigeria and across Africa.

  • This event served as a precursor to upcoming international investment gatherings in London, Dubai, and Abu Dhabi, reinforcing Nigeria's ambition to become a key hub for intra-African and global investments.

  • Afreximbank's Alain-Thierry Mbongue reaffirmed support for subnational governments in attracting investments and expanding intra-African trade through the African Sub-Sovereign Government Network (AfSNET), a platform for knowledge exchange and financing.

  • Government initiatives aim to build investor trust by improving security, infrastructure, macroeconomic stability, and policy predictability, which are essential for attracting sustainable investment.

  • Kwara State Governor AbdulRahman AbdulRazaq, representing Nigeria's Governors’ Forum, expressed readiness of Nigerian states to lead Africa’s next economic growth phase by showcasing investment-ready projects via the NGF Investopedia platform.

  • He urged Nigerian governors to seize opportunities in agro-exports, regional power projects, and digital platforms, asserting Nigeria's preparedness for global leadership in Africa's economic development.

  • Woodhall Capital President Mojisola Hunponu-Wusu encouraged investors to leverage Nigeria’s evolving policy landscape, praising recent reforms and announcing upcoming roadshows in London, Dubai, and Abu Dhabi to connect Nigerian states with financiers.

  • Shettima emphasized the need to increase intra-African trade from below 17% to levels comparable with Europe and Asia, advocating for the use of AfCFTA as a pathway to economic prosperity.

Summary based on 2 sources


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Sources


Nigeria will lead intra-African trade, investment revolution – Shettima - Realnews Magazine

Realnews Magazine - A General Interest Magazine in Nigeria • Oct 17, 2025

Nigeria will lead intra-African trade, investment revolution – Shettima - Realnews Magazine

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