Nigeria has taken a big step toward improving trade within Africa. On April 14, the country officially signed and published its list of tariff offers under the African Continental Free Trade Area (AfCFTA). This means Nigeria will now remove import duties on 90% of goods traded with other African countries.

This announcement was made by Jumoke Oduwole, the Minister of Industry, Trade and Investment, at a meeting in Kinshasa. She said that this move shows Nigeria’s full commitment to supporting the AfCFTA and making trade easier across Africa.

By publishing this trade agreement, Nigeria is being open about its trade rules. It also means Nigerian businesses can enjoy lower costs when they import goods from other African countries.

Oduwole called this a “landmark achievement” and praised both President Bola Tinubu and Nigerian entrepreneurs for their efforts. She encouraged more businesses to explore the new trade opportunities AfCFTA offers.

She also talked about the benefits for small businesses, women-led businesses, and young entrepreneurs. With this new trade agreement, Nigerian businesses can sell more products across Africa, earn foreign exchange, and help grow the country’s economy.

AfCFTA connects 1.4 billion people and is valued at $3.4 trillion, making it the world’s largest free trade area. Oduwole said Nigeria aims to lead in digital trade and continue growing in both services and goods across the continent.

With this new step, Nigeria becomes the 23rd country to officially submit its tariff plan under AfCFTA.