Despite AfCFTA, trade between Nigeria, others steadily declines

More than two years after the African Continental Free Trade Area (AfCFTA) kicked-off, Nigeria’s trade volume with other African countries has continued to decline. The trade value fell year-on-year (YoY) to N842.6 billion in the first quarter of 2023 (Q1 ‘23), 11.95 per cent down from N956.93 billion recorded in Q1 ‘22