NACC Applauds AGOA Extension, Urges Nigeria to Diversify

The Nigerian-American Chamber of Commerce (NACC) has welcomed the extension of the African Growth and Opportunity Act (AGOA) through December 31, 2028, signed by U.S. President Donald Trump.

This legislation ensures duty-free access to the U.S. market for Nigeria and 31 other sub-Saharan African countries, facilitating greater investment and export planning. The measure received strong bipartisan support, passing the U.S.

Senate with a vote of 90 to 6 and the House of Representatives with 340 to 54. NACC National President Sheriff Balogun emphasized that this extension offers Nigeria a crucial chance to enhance its export base and attract new investments, urging the country to diversify its exports into sectors such as agriculture, textiles, processed foods, and manufactured goods.

The NACC called on the federal government, private sector, and state governments to take coordinated actions during this extension period to overcome structural challenges and maximize the benefits of AGOA.