The Federal Government has published and transmitted the ECOWAS schedule of tariff offers for Trade in Goods under the African Continental Free Trade Area, AfCFTA, to its secretariat.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, announced this ahead of the 16th meeting of the AfCFTA Council of Ministers (COM) responsible for trade, taking place in the Democratic Republic of Congo this Tuesday.
Oduwole says the agreement which was signed by President Bola Tinubu, establishes zero duties on 90 per cent of tariff lines for trade in goods, enhancing Nigeria’s market competitiveness and expanding trade opportunities across Africa.
She says it enables the seamless shipment of goods to and from Nigeria, which would unlock new opportunities for businesses, manufacturers, and exporters.