Business Support Services

The African Continental Free Trade Area (AfCFTA) plays a crucial role in facilitating business support services by implementing direct support structures and collaborating with states and the private sector. This framework aims to enhance trade, productivity, and mobility of the workforce, fostering economic growth and prosperity across Africa.

Trade Business Insight and Outlook

  • Export Commodities

    Nigeria's primary exports consist of petroleum and petroleum products, including crude oil, natural gas, and refined petroleum. Other notable exports include agricultural products (such as cocoa, rubber, and palm oil), solid minerals, and manufactured goods.

  • Import Commodities

    Nigeria imports a diverse range of goods, including machinery, vehicles, electrical equipment, chemicals, and refined petroleum products. The country also imports food products to supplement domestic production and meet consumer demand.

  • Trade Policies and Initiatives

    The Nigerian government has been implementing reforms to improve the ease of doing business and attract foreign investment. Policies aimed at diversifying the economy, developing infrastructure, and promoting non-oil sectors are also being pursued.

  • Outlook

    Nigeria's trade business outlook is generally positive. The government's focus on economic diversification, infrastructure development, and trade facilitation is expected to create opportunities for domestic and international businesses. The growing middle class and a youthful population provide a promising consumer market.

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