FG unveils $1bn AfCFTA credit facility to boost Nigerian exports

Nigeria's Federal Government has introduced a new $1 billion credit facility aimed at bolstering the nation's export sector. This initiative, known as the AfCFTA Adjustment Fund Credit Facility, is designed to enhance Nigerian production and competitiveness within the African Continental Free Trade Area (AfCFTA). The program seeks to support businesses in adapting to the trade agreement and taking advantage of new market opportunities across the continent.

This facility is crucial for enabling Nigerian businesses to capitalize on the AfCFTA's potential, thereby driving economic growth and increasing the country's share of intra-African trade.