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Nigeria

Presidency: Nigeria on ‘healing journey’ to $1trn economy by 2030

The Presidency says Nigeria is on a “healing journey” and firmly on course to build a 1 trillion dollar economy by 2030, driven by reforms to deepen economic and financial inclusion and position the country as Africa’s leading borderless digital hub.​ Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Zauro, said this in Abuja at a media parley to unveil the 2026 RegTech Africa Conference and Expo, which Nigeria will host from May 20 to 22 under the patronage of the Office of the Vice President.​ Zauro said President Bola Ahmed Tinubu set a clear growth target from his first day in office, anchored on restoring confidence, expanding inclusion and attracting investment. He explained that achieving the 1 trillion dollar goal by 2030 will require building trust, infrastructure and inclusion, supported by policies that encourage partnership […]

Abdulmumini Auwal SA January 31, 2026

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Nigeria

Institute Seeks Regulatory Commission to Fix Nigeria’s Ailing Courier, Logistics Sector

Professor Simon Emeje, Chairman of the Courier and Logistics Management Institute (CLMI), has called for the urgent establishment of an independent regulatory commission to reposition Nigeria’s courier and logistics industry. Despite being Africa’s largest economy, Nigeria is among less than 3% of countries without such independent regulation, leaving the industry plagued by inconsistent tariffs, conflicting policies, and a harsh business climate. Emeje warned that stagnant regulation forces firms to close or shift sectors and lamented overlapping controls from customs and other agencies. He emphasized the need for technical, not political, oversight and expanded professional training in logistics. He noted the sector’s economic potential (valued at $60 billion, with assets up to ₦20 trillion) and called for logistics education in universities. Emeje also highlighted the long-delayed regulatory bill, drafted in 2005 but never enacted, and urged Nigeria to boost intra-African trade […]

Abdulmumini Auwal SA November 23, 2025

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Economy

Africa Could Become World’s Fourth Largest Economy by 2050 – WTO

The World Trade Organisation (WTO) has projected that Africa could become the world’s fourth largest economy by 2050 if it fully harnesses its population growth, resources, and trade potential. WTO Director-General Ngozi Okonjo-Iweala said in an interview with CNN that trading within Africa remains far more expensive than with other regions, with intra-continental trade costs estimated to be about 20 percent higher. “It costs 20 percent more for us to trade with each other on the continent than with others externally,” she said, linking this to poor infrastructure, inefficient border management, and high transport costs. Despite these challenges, Okonjo-Iweala said Africa’s economic outlook remains promising. “The African continent has a lot of resources and a lot of things going for it. But there are also many challenges,” she noted. WTO data shows that only 18 percent of Africa’s exports remain […]

Abdulmumini Auwal SA November 5, 2025

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new africa

Okonjo-Iweala: How Nigeria can lead AfCFTA

Nigeria can emerge as a leader under the African Continental Free Trade Area (AfCFTA) if it tackles logistics bottlenecks, invests in value addition, and builds efficient payment systems, according to World Trade Organisation (WTO) Director-General, Dr. Ngozi Okonjo-Iweala. Speaking at the WTO Public Forum in Geneva, Switzerland, Okonjo-Iweala urged Nigeria and other African nations to fast-track AfCFTA implementation, expand infrastructure, and cut trade costs to unlock billions of dollars in opportunities across manufacturing, services, and digital trade. “The AfCFTA is a great step, but Africa still trades only 15–20% within itself, compared to 60% in the European Union. We need to accelerate implementation so Africans trade more with each other,” she said. She cited examples such as Lesotho, which exports $200 million worth of textiles annually to the U.S.—about 10% of its GDP—while Africa imports $7 billion worth of similar […]

Abdulmumini Auwal SA September 22, 2025

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Nigeria

Nigeria Can’t Wait Any Longer for State Police – Deputy Speaker

Deputy Speaker of the House of Representatives, Benjamin Kalu, says Nigeria can no longer afford to delay the creation of state police if it wants to effectively tackle rising insecurity. Speaking to journalists in Abuja after returning from Geneva, Switzerland—where he attended the 55th WTO-IPU Parliamentary Conference—Kalu described Nigeria’s centralized policing system as inadequate and outdated compared to global best practices. According to him, worsening cases of banditry, violent crimes, and communal clashes require a policing model that brings law enforcement closer to the people. “The only way we can achieve faster response times is by unbundling the current centralized structure,” Kalu explained. “If we establish state police alongside the federal police, we can address security challenges more effectively while tailoring policing to local realities.” Kalu acknowledged concerns that state police could be hijacked by politicians but insisted the greater […]

Abdulmumini Auwal SA September 21, 2025

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Togo

Togo Launches 13th Adjafi Fair to Boost Young Entrepreneurs and MSME Competitiveness

The 13th edition of the Adjafi Fair, the largest business and cultural gathering for young entrepreneurs in Togo, officially opened on August 25, 2025, in Lomé. The event was launched by Minister Mazamesso Assih, in charge of Grassroots Development, Financial Inclusion, Youth, and Youth Employment. Running until September 7, the fair aims to promote entrepreneurship, innovation, and competitiveness among young Togolese. It provides a platform for networking, visibility, and business growth, bringing together over 300 entrepreneurs from different sectors and attracting nearly 8,000 visitors per day. This year’s theme — “Agri-food: improving the packaging of Togolese products for greater competitiveness of MSMEs in the AfCFTA market” — highlights the importance of quality packaging in boosting the value and market access of Togolese products. According to the organizers, better packaging is key for positioning MSMEs in the African Continental Free Trade […]

Abubakar August 26, 2025

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Finance

Togolese Businesses Set to Showcase at Iran Expo 2025: A Gateway to New Markets

From April 28 to May 2, 2025, Togolese entrepreneurs will take center stage at Iran Expo 2025 in Tehran, marking a strategic move to expand trade ties between Togo and Iran. Organized by the Chamber of Commerce and Industry of Togo (CCI-Togo), this participation highlights Togo’s growing ambition to diversify its economic partnerships beyond traditional markets. In this article, we explore:✔ Why Iran Expo matters for Togolese businesses✔ Key sectors Togo will promote✔ Opportunities for bilateral trade growth✔ How this aligns with Togo’s economic strategy Why Iran Expo 2025 Is a Big Deal for Togo 1. Expanding Beyond Traditional Markets Togo has been strengthening ties with non-Western economies, and Iran—a market of 85 million consumers—offers untapped potential. 2. Focus on High-Potential Sectors Togolese delegates will showcase:✅ Agricultural products (coffee, cocoa, organic cashews)✅ Phosphate and mining exports✅ Textiles and handicrafts✅ Renewable energy solutions 3. Building Bridges in a Challenging Global Economy With shifting trade alliances, […]

Ahmad April 15, 2025

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Ahafo

Boankra Inland Port Phase I Set for Completion by March 2025.

The Boankra Inland Port Project in the Ashanti Region is progressing, with contractors confident that Phase I will be completed by the end of March 2025. This phase includes essential infrastructure such as storage facilities, a security zone, roads, and the port terminal. The full completion of the project is anticipated by 2026.Dr. Justice Amo, CEO of Justmoh Construction Limited, highlighted the support from both the government and the Asantehene, Otumfuo Osei Tutu II, in pushing the project forward. The inland port is a critical infrastructure designed to serve importers and exporters in central and northern Ghana while facilitating transit traffic to neighboring countries.Launched by former President Nana Akufo-Addo in 2020, the Boankra Inland Port is expected to play a significant role in enhancing Ghana's position within the African Continental Free Trade Area (AfCFTA). The project will alleviate traffic congestion […]

Edem 4Style January 25, 2025

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