The Federal Government has taken a major step to position Nigerian businesses for continental trade by launching a new report on digital payments and identity under the African Continental Free Trade Area.
Also, Unveiled in Abuja by Ibrahim Hadejia, the report highlights how Micro, Small and Medium Enterprises (MSMEs) can tap into Africa’s $3.5 trillion single market.
Focus on Digital Payments and Identity Systems
However, The report, developed in collaboration with ODI Global under the Supporting Investment and Trade in Africa (SITA) programme. Emphasizes the need for seamless cross-border digital payments and reliable identity systems.
Also, These tools are critical to reducing trade barriers, improving transaction efficiency. And enabling Nigerian businesses to operate across African markets with ease.
Building on Nigeria’s Digital Trade Progress
According to Hadejia, the initiative builds on earlier milestones such as Nigeria’s Digital Trade Strategy and ongoing capacity-building programmes for subnational leaders.
He noted that the country is increasingly playing a leading role in shaping Africa’s digital trade ecosystem. Especially as AfCFTA implementation gains momentum.
Unlocking Opportunities for MSMEs
The government is urging stakeholders to leverage the new framework to expand opportunities for small businesses. Which form the backbone of Nigeria’s economy.
By improving digital trade systems, Nigeria aims to help its MSMEs scale beyond borders and compete in Africa’s massive $3.5 trillion market.
