African Continental Free Trade Area AfCFTA represents a $3.4tn market with transformative potential for Nigeria’s economy.
The Chairman of NEPAD Business Group Nigeria has called for urgent strategic positioning.
Bashorun JK Randle urged the Tinubu administration to strengthen private sector competitiveness.
He emphasised that AfCFTA offers unprecedented opportunities for Nigerian businesses.
Randle stressed that economic stability remains essential for sustainable national growth.
He noted that stronger private sector participation supports the Renewed Hope Agenda.
Therefore, unlocking business opportunities must remain a government priority.
He added that deliberate reforms can help firms access continental trade benefits.
According to Randle, AfCFTA provides a powerful platform for expanding Nigerian exports.
With targeted support, businesses can compete effectively across African markets.
A competitive private sector also boosts trade volumes and attracts investment.
Additionally, strong enterprises create jobs and enhance intra-African commerce.
Randle reaffirmed NBGN’s commitment to working with government and stakeholders.
He stated that ambition must translate into practical economic action.
The group prioritises partnerships with public agencies and private sector leaders.
It also supports SMEs in meeting certification and export readiness standards.
Furthermore, NBGN deepens advocacy for trade-enabling policy reforms.
Randle highlighted SMEs as key drivers of inclusive economic growth.
Consequently, improving the business environment remains critical for AfCFTA success.
Empowered enterprises will strengthen Nigeria’s long-term economic stability.
