Africa: Nigeria Signs Ecowas Tariff Offers, Waives Taxes On 90% of Goods Traded in Africa

The Council of Trade Ministers of the member countries of the African Continental Free Trade Area (Zlecaf) held its 16th meeting on Tuesday 15 April in Kinshasa. The day was marked by the announcement of Nigeria. The country ratified the Zlecaf agreements in 2020 but only just announced its list of products that will be affected by customs clearances. Only eight countries are already applying these customs facilities. An important step forward f…

Economic integration encouraged in West Africa

The subregion is the continent’s economic engine and accounts for 27 percent of the total gross domestic product (GDP), or approximately $700 billion, the financial institution noted. Furthermore, the region achieves the best results in the African Regional Integration Index and, despite the challenges, can effectively position itself for the continental free trade area, the technical session stated. However, transactions in goods and services b…

Africa: Nigeria Signs Ecowas Tariff Offers, Waives Taxes On 90% of Goods Traded in Africa

Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat.

FG gazzettes ECOWAS tarriffs, advancing AfCFTA implementation

The Federal Government has gazetted and transmitted the ECOWAS schedule of tariff offers for Trade in Goods under the African Continental Free Trade Area to its secretariat.

Nigeria’s Bold Trade Move: A Step Towards Continental Economic Unity - Dr. Kenny Odugbemi

In a landmark step towards deepening economic integration across Africa, Nigeria has officially gazetted and submitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA). This move signifies not just an administrative milestone, but a strategic recalibration of Nigeria’s role in the continent’s economic future. The AfCFTA is one of the most ambitious free trade initiatives in the world,…

Nigeria ratifies 90% duty waiver on imports under AfCFTA to crash costs

The Nigerian government has signed and submitted its ECOWAS Tariff Offer to the African Continental Free Trade Area, establishing a 90% duty waiver on the continent.