Low AfCFTA Usage Despite N12.36trn Non-Oil Exports

A report released on March 24, 2025, indicates that the usage of the African Continental Free Trade Area (AfCFTA) remains low, despite Nigeria's projected N12.36 trillion in non-oil exports. The study, supported by the UK Department for International Development (DFID), utilized four primary data sources, including desk reviews and interviews.

The findings reveal that many exporters are unaware of the AfCFTA and the UK’s Development Countryside Trade (DCT) scheme. Ahmad Rabiu, President of the Nigerian Export Promotion Council (NEPC), emphasized the importance of immediate practical guidance to enhance export capabilities.

The report notes a steady recovery in Nigeria's non-oil export sector, with significant growth across multiple industries. However, it concludes that realizing the potential of Nigeria's non-oil exports through AfCFTA and DCT requires coordinated policy support and domestic reforms to strengthen market linkages.

The AfCFTA aims to create a single market for goods and services across Africa, promoting intra-African trade and economic integration.