• Customs, Afreximbank target regional transit systems
• UNDP urges creatives to tap into AfCFTA’s 1.4 billion market

Nigeria’s ongoing economic reforms and the opportunities presented by the African Continental Free Trade Area (AfCFTA) are expected to strengthen investor confidence, boost industrialisation and position the country as a resilient investment destination, government and business leaders have said.

The consensus emerged at the sixth Chief Financial Officers (CFOs) Luncheon organised by the Franco-Nigerian Chamber of Commerce and Industry (FNCCI) in partnership with Forvis Mazars in Nigeria, where stakeholders examined the theme: “Trade Policy, AfCFTA and the C-Suite’s Growth Agenda.”

In his presentation on “Building Resilient Economies in an Era of Geopolitical Contestation: How Nigeria and Africa Can Transform Global Volatility into Sustainable Growth,” the Special Adviser to the President on Industry, Trade and Investment, John Uwajumogu, said Nigeria must move beyond managing economic uncertainty to building a business environment capable of attracting long-term investment.

Speaking at a panel session, Tax Partner, Forvis Mazars, Peter Iwofia, said AfCFTA should not be viewed merely as a tax harmonisation initiative but as a framework that requires businesses to rethink their regional operating models.

THIS is as the Nigeria Customs Service (NCS) deepens its partnership with the African Export-Import Bank (Afreximbank) to strengthen trade facilitation, enhance customs cooperation, and advance intra-African trade by accelerating the implementation of the African Continental Free Trade Area (AfCFTA).

In a statement signed yesterday by the National Public Relations Officer of NCS, Dr Abdullahi Maiwada, the Comptroller-General of Customs, Dr Bashir Adeniyi, reaffirmed the commitment during a working visit by the President and Chairman of the Board of Directors of Afreximbank.

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