• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Tinubu outlines faster borders, local-currency settlements for Africa trade success

Israel Ojoko by Israel Ojoko
November 18, 2025
in Economy
Tinubu rejects Trump’s designation of Nigeria as a ‘Country of Particular Concern’
Share on FacebookShare on TwitterShare on Linkedin

President Bola Ahmed Tinubu has declared that Africa’s integration efforts will be judged not by lofty communiqués or diplomatic declarations, but by tangible outcomes such as faster border crossings, reliable local-currency settlements, and efficient movement of goods across ports and borders.

Speaking on Monday at the opening of the Customs Pact – Partnership for African Cooperation in Trade, Tinubu emphasized that the continent’s future hinges on practical execution, not rhetoric.

Represented by Vice President Kashim Shettima, the President stressed that fragmented markets cannot achieve industrial scale or withstand global shocks.

MoreStories

Nigeria at 65: AfCFTA as a catalyst for national renewal

Nigeria’s merchandise trade hits N38.9 trillion in Q3 2025 

December 11, 2025
AfreximBank approves $200 million finance facility to BUA Group for expansion projects 

Africa must scale factoring volumes to €240 billion to boost SMEs – Afreximbank 

December 10, 2025

“Success will be judged not by communiqués but by real outcomes: shorter border-crossing times, reliable local-currency settlements and efficient movement of goods across borders and ports,” he said.

“Our vision must translate from conference halls to the daily experiences of traders, manufacturers, logistics operators and farmers.”  

Call for disciplined reforms across African nations 

He called for disciplined reforms across African nations to build border systems that match the pace of technological advancement and economic ambition.

Tinubu reaffirmed Nigeria’s commitment to building an Africa “that trades by design,” where integration is measurable and effective. He noted that while the African Continental Free Trade Area (AfCFTA) agreement marked a historic step, the real challenge lies in implementation.

“The strength of a continental market can only be engineered, not declared,” he said, outlining Nigeria’s approach through infrastructure, digital systems, and institutional coordination.

He highlighted key reforms undertaken by his administration, including the unification of the foreign exchange window, the removal of fuel subsidies to redirect resources to infrastructure, and modernisation of port operations with 24-hour clearance.

“We adopted the Pan-African Payment and Settlement System to boost intra-African trade and prioritised non-oil export growth,” Tinubu stated. These reforms, he added, form a coherent foundation for continental competitiveness.

Nigeria’s integrated trade-enablement architecture 

The President detailed Nigeria’s integrated trade-enablement architecture, noting that agencies such as the Nigeria Customs Service, Nigerian Ports Authority, Central Bank, Standards Organisation, NEPC, and NEXIM Bank are now aligned in purpose. Customs has advanced digital clearance systems and risk-based inspections, while the Central Bank facilitates local-currency settlements through PAPSS.

“No single agency can deliver the scale of reform required for Africa’s prosperity,” Tinubu said.

He also announced the rollout of the National Single Window, a transformative digital platform for trade facilitation. Phase one is set to launch in March 2026, with full deployment by December 2026.

“It will allow businesses to submit import and export information once through a unified portal, automate inter-agency data sharing, and cut cargo clearance time from 21 days to under seven,” he explained. Fully aligned with AfCFTA digital frameworks, the platform is expected to position Nigeria as a continental leader in customs digitalisation.

Tinubu concluded by citing measurable progress: intra-African trade is projected to grow from 15% in 2023 to 25% by 2030, Nigeria’s non-oil exports to African markets rose 38% year-on-year in 2024, and cargo clearance times at major seaports have dropped by 30%. “These metrics validate a fundamental principle: when structural barriers fall and systems function predictably, African trade expands rapidly and dynamically,” he said.

What you should know 

  • Earlier this month, World Trade Organization (WTO) Director-General, Dr. Ngozi Okonjo-Iweala, had called for urgent reforms to unlock Africa’s trade potential, revealing that it currently costs 20% more for African nations to trade with one another than with countries outside the continent.
  • Speaking during an interview with CNN’s Christiane Amanpour, Okonjo-Iweala lamented that such inefficiencies undermine the purpose of the African Continental Free Trade Area (AfCFTA), which was designed to boost intra-African commerce and industrial integration.

Follow us for Breaking News and Market Intelligence.
Israel Ojoko

Israel Ojoko

Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.

Related Posts

FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

BERGER Paints, JAPAULGOLD top advancers’ chart as All-Share Index rebounds to N94 trillion 

December 11, 2025
Lagos govt mandates CCTV installation on buildings of six floors and above 
Real Estate and Construction

Lagos set for second private refinery as government confirms new investor talks 

December 11, 2025
The Lagos Polo Club announces the 2025 edition of The Captain’s Cup
Companies

The Lagos Polo Club announces the 2025 edition of The Captain’s Cup

December 11, 2025
FG, Dangote Foundation launch N100bn annual scholarship fund for Nigerian students 
Education

FG, Dangote Foundation launch N100bn annual scholarship fund for Nigerian students 

December 11, 2025
Navigating Nigeria’s ‘Oga’ dilemma: A conundrum of power and hierarchy — Who is your oga?
Sectors

Nigeria losing economic value to foreign markets despite tech push — Analyst 

December 11, 2025
President Tinubu to prioritise gas production and commercialisation 
Energy

FG launches Nigeria’s first online gas trading, clearing and settlement platform 

December 11, 2025
Next Post
FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

Nigeria’s Bonds and Bills strengthen as N6.17 trillion excess liquidity triggers yield fall  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
uba
tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • BERGER Paints, JAPAULGOLD top advancers’ chart as All-Share Index rebounds to N94 trillion 
  • Lagos set for second private refinery as government confirms new investor talks 
  • The Lagos Polo Club announces the 2025 edition of The Captain’s Cup

Follow us on social media:

Recent News

FTN COCOA, UNITY BANK leads as NGX top gainers for the week

BERGER Paints, JAPAULGOLD top advancers’ chart as All-Share Index rebounds to N94 trillion 

December 11, 2025
Lagos govt mandates CCTV installation on buildings of six floors and above 

Lagos set for second private refinery as government confirms new investor talks 

December 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics