Nigeria has submitted its tariff offer to the AfCFTA, announcing the elimination of customs duties on 90% of traded products.

At the AfCFTA ministerial meeting in Kinshasa, Nigeria formalized its tariff offer, validated by President Bola Tinubu. This offer provides for the gradual elimination of customs duties on 90% of goods, in line with ECOWAS commitments. It opens the Nigerian economy to a continental market of 1,4 billion consumers, representing US$3400 trillion (approximately 2040000 billion CFA francs).

Nigeria's Minister of Industry, Trade and Investment, Jumoke Oduwole, welcomed the development, highlighting the private sector's ability to seize this opportunity: “Nigerian entrepreneurs are more than ready to take on the challenge of crossing borders.” The government hopes, through this reform, to strengthen regional supply chains and stimulate the export of local products.

In a tense economic climate marked by the depreciation of the naira and pressure on foreign exchange reserves, this measure also aims to provide relief to Nigerian exporters. It is expected to facilitate access to new African markets and generate more foreign exchange inflows, while consolidating Nigeria's position as the continent's commercial pillar.

Finally, Abuja is banking on innovation and digital commerce to maintain its competitiveness. “Nigeria continues to be a global leader in this sector”, said Jumoke Oduwole. The government intends to support SMEs, particularly those run by women and young people, and position the country as a major player in African integration.