Nigeria Targets $50 Billion Trade Deals at 2027 IATF

The Federal Government of Nigeria is targeting over $50 billion in trade and investment deals at the upcoming 2027 Intra-African Trade Fair (IATF), which Nigeria will host in Lagos. Dr. Jumoke Oduwolu, the Minister of Industry, Trade and Investment, announced this goal during the signing of the host agreement on Monday.

This agreement formalizes Nigeria's commitment to host the fifth edition of the IATF in November 2027. The target represents an increase from the $48.3 billion in agreements signed during the fourth edition of the fair held in Algiers, Algeria, from September 4 to September 10, 2025.

Oduwolu expressed expectations for strong participation, with an estimated 100,000 physical and virtual attendees. The trade fair is viewed as a major platform to advance the African Continental Free Trade Area (AfCFTA) objectives, aiming to create a unified African market.

George Elombi, the President and Chairman of the Board of Directors of Afreximbank, highlighted the fair's potential to transform trade partnerships and drive innovation, ultimately improving Africa's global economic image.