Trade minister demands measurable outcomes for AfCFTA gains, WTO leverage
Nigeria's Trade Minister emphasizes the need for measurable outcomes from the AfCFTA to strengthen its position in upcoming WTO discussions.
The Nigerian government has set its sights on 2026 as a crucial year for obtaining measurable results from the African Continental Free Trade Area (AfCFTA), aiming to establish stronger control over trade dynamics in Africa. During a meeting of the AfCFTA Central Coordination Committee in Abuja, Industry, Trade and Investment Minister Jumoke Oduwole highlighted the importance of moving from theoretical frameworks to practical execution. This initiative underlines Nigeria's ambition to take a leadership role within the continent's trade agreements and enhance its bargaining power on the global stage.
The meeting was deemed timely, as Nigeria prepares for the 14th Ministerial Conference of the World Trade Organization (WTO) in Yaoundé, Cameroon. Oduwole, through her Special Adviser Patience Okala, pointed out the significance of Nigeria’s performance under the AfCFTA in influencing its negotiations in the WTO. The country aims to solidify its position by demonstrating tangible benefits from its participation in intra-African trade agreements, which can ultimately inform its strategy and negotiations at the international level.
With the focus now shifted towards ensuring disciplined and effective implementation of the AfCFTA's provisions, stakeholders are expected to align their efforts towards achieving outcome-driven results. This approach is critical not only for securing Nigeria's leadership in continental affairs but also for enhancing its credibility and negotiating leverage at the forthcoming WTO conference, where trade policies affecting Africa will be a key focus.