This aerial photo shows containers at the Shanghai international port in Shanghai on November 7, 2025. (Photo by AFP) / CHINA OUT
Nigeria’s trade with other African nations increased by 14% in the first half of the year, following government’s efforts to strengthen regional ties.
A Bloomberg report quoting the comptroller-general of the Nigeria Customs Services, Bashir Adeniyi, said trade with the continent increased by ₦600 billion ($415 million) to 4.82 trillion naira in the six months through June.
“This is a clear signal of strengthening regional trade momentum,” Bashir said. Nigeria’s exports to members of the Economic Community of West African States, a regional economic bloc, climbed significantly, “reflecting our growing role as a hub for intra-continental trade and value chains,” he said.
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The Federal Government has been working to streamline customs processes and improve transport links with neighboring countries, as it seeks to reduce trade bottlenecks that have long restricted intra-African trade, Bashir said.
Nigeria’s “concrete” steps toward implementing the African Continental Free Trade Area agreement include introducing tariff concessions and opening a dedicated air-cargo corridor to East Africa, which has cut export costs by about 75%, Industry, Trade, and Investment Minister Jumoke Oduwole said in a separate speech at the event.
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