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Spirethoughts

Spire's six most recent Spirethoughts.

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Nigeria has entered the AFCFTA African free trade agreement, increasing its market size

Africa’s largest economy, Nigeria, signed the Africa Continental Free Trade Agreement (AFCFTA) this year in July to boost intra-Africa trade.

AFCFTA aims to remove trade barriers and bring together the 54 members of the African Union (AU), to trigger industrialization and create employment opportunities in a single market of one billion people.

The United Nations Economic Commission for Africa (UNECA) predicted that this could boost the intra-African trade by 52% by 2022.

Will Nigeria’s entry into the AFCFTA African free trade agreement trigger a tipping point towards growth?


For media enquiries, please contact:

Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 288 9151
E-mail: nidhi.singh@spireresearch.com

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