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2020 | OriginalPaper | Chapter

6. Harnessing the AfCFTA for Economic Diversification in Nigeria: The Role of Trade Logistics and Infrastructure

Authors : Oluwasola E. Omoju, Emily E. Ikhide

Published in: Strategic Policy Options for Bracing Nigeria for the Future of Trade

Publisher: Springer International Publishing

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Abstract

The ratification and commencement of the Africa Continental Free Trade Agreement (AfCFTA) has been dubbed a major economic breakthrough for the African continent. The agreement is expected to boost intra-African trade and regional economic development. Despite several concerns, the Nigerian government signed the agreement after consultation with relevant stakeholders. The agreement presents a unique opportunity for Nigeria to diversify its exports and economic base. This article examines trade logistics and infrastructure in Nigeria vis-à-vis other African countries, and how the current state of trade infrastructure could undermine the potential benefits of the agreement for the Nigerian economy. Relevant policy suggestions with respect to how trade logistics and infrastructure can be enhanced to facilitate the competitiveness of Nigeria’s exports are suggested.

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previous chapter Innovative Strategies for Maximizing Aid-for-Trade Towards Enhanced Transport Infrastructure and Intra-regional Trade Facilitation: Policy Directions for Nigeria and West Africa

next chapter Sequencing and Negotiating Nigeria’s Regional and International Trade Agreements in the Digital Age: Issues and Policy Prescriptions

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Title: Harnessing the AfCFTA for Economic Diversification in Nigeria: The Role of Trade Logistics and Infrastructure
Authors: Oluwasola E. Omoju
Emily E. Ikhide
Publisher: Springer International Publishing
Book: Strategic Policy Options for Bracing Nigeria for the Future of Trade
Print ISBN: 978-3-030-34551-8

Electronic ISBN: 978-3-030-34552-5

Copyright Year: 2020
DOI: https://doi.org/10.1007/978-3-030-34552-5_6