Nigeria may not sufficiently benefit from the huge opportunities inherent in the African Continental Free Trade Area (AfCFTA), if the issues of rising energy cost, foreign exchange crisis among other local challenges are not properly addressed.
The AfCFTA is one of the most significant trade agreements since the establishment of the World Trade Organisation. The over 54 countries that are part of it are home to over 1.3 billion people and generate over $3tn in annual GDP. For many, the deal opens a new era of economic prosperity, industrialisation, and sustainable development.
