Trending 
Nigeria has officially inaugurated the African Trade Centre (AATC) in Abuja, marking a significant stride towards fostering intra-African trade and economic integration in a move poised to reshape Africa’s economic landscape.
This was made known in a statement released by the FCAI Director of Information and Public Relations, Mohammed Manga, on Thursday, April 10, 2025.
According to the statement, the landmark event, held in the nation’s capital, Abuja, underscores Nigeria’s commitment to driving economic growth and solidifying its position as a key player in shaping the continent’s economic future.
The launch, attended by prominent African economic leaders, saw the Secretary to the Government of the Federation, Senator George Akume, representing President Bola Ahmed Tinubu, highlight the AATC’s crucial role in promoting economic diversification, generating employment opportunities, and facilitating access to finance, particularly for Small and Medium Enterprises (SMEs) and women-led businesses.
He emphasised the initiative’s alignment with Nigeria’s broader economic development goals.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the AATC as “a milestone for Nigeria and the entire continent,” stressing its synergy with the Tinubu administration’s focus on achieving macroeconomic stability, attracting private investment, and fostering industrial growth across key sectors.
Afreximbank President Prof. Benedict Oramah reinforced the bank’s commitment to dismantling trade barriers and promoting deeper African market integration.
He also announced plans for similar trade centres in Harare, Kampala, Cairo, and Yaoundé, signifying a continent-wide effort to boost economic cooperation.
The Abuja-based AATC will function as a central hub for trade intelligence, innovation, and regional collaboration, strengthening Nigeria’s leadership in driving Africa’s economic agenda.
The centre aims to streamline trade processes, facilitate investment, and promote knowledge sharing among African nations.
The Federal Ministry of Finance anticipates that the AATC’s operationalisation will pave the way for a more prosperous economic future for both Nigerians and the wider African community. This initiative is expected to play a pivotal role in driving sustainable development, creating jobs, and enhancing regional collaboration, further cementing Nigeria’s position as a leader in Africa’s economic transformation.
