The Federal Government has unveiled opportunities for businesses to access a $1bn Adjustment Fund Credit Facility under the African Continental Free Trade Area (AfCFTA).
The fund is designed to boost production, competitiveness, and intra-African trade.
According to a statement by Obilor-Duru Augustina Okechi, Head of Press and Public Relations, Minister of Industry, Trade and Investment, the minister, Jumoke Oduwole, disclosed this during the second-quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
Oduwole reaffirmed the federal government’s commitment to accelerating Nigeria’s export-led growth agenda under the ACFTA, noting that the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes, and increase exports to African markets.
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles export documentation, certification, standards compliance and market access
that limit their ability to take advantage of the single African market.
According to her, the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes, and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts. According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
