Federal Government Reaffirms Commitment to Accelerating Digital Trade under AfCFTA
The Federal Government of Nigeria has reaffirmed its commitment to promoting digital trade as part of the African Continental Free Trade Area (AfCFTA). This declaration was made by Aliyu Sheriff, the Special Assistant to the President on Export Expansion, at the World Trade Organisation (WTO) Aid for Trade Session on Thursday.
Sheriff emphasized Nigeria’s strategic position as a potential regional digital trade hub, urging global partners to support the nation’s initiatives aimed at expanding market access and driving economic growth. “Nigeria recognizes digital trade as a critical driver of economic diversification,” he stated, outlining the government’s vision to establish Nigeria as a regional center for digital services, streamline trade processes, and increase market access for local businesses.
“With the right policies and infrastructure, Africa can unlock the full potential of its $4.3 trillion market under AfCFTA,” Sheriff asserted.
He further explained that, in collaboration with the Federal Ministry of Industry, Trade, and Investment, and the Overseas Development Institute (ODI UK), Nigeria has initiated a series of high-impact workshops. These workshops are designed to streamline trade processes, enhance exports at the state level, and leverage digital identity and payment systems for cross-border commerce.
Sheriff acknowledged the vital role played by the Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, in advancing Nigeria’s digital trade agenda. He noted her recent discussions with the AfCFTA Secretary-General aimed at enhancing regional trade integration and developing digital payment systems. “Her leadership has been instrumental in aligning Nigeria’s trade policies with AfCFTA’s digital transformation goals,” he said.
In his address, Sheriff called for investments from the WTO, development partners, and private sector stakeholders in broadband infrastructure. He also highlighted the need for capacity-building initiatives for micro, small, and medium enterprises (MSMEs) and the facilitation of seamless cross-border digital payments.
“Nigeria is not just participating in Africa’s digital trade transformation; we are leading it. We invite global partners to collaborate with us in unlocking Africa’s digital economy,” Sheriff concluded, underscoring the importance of collective efforts in fostering a robust digital trade environment in the continent.