Nigeria’s trade with African countries has yet to reach pre-COVID-19 levels despite implementing the African Continental Free Trade Area (AfCFTA) agreement in 2021.
Data from the latest foreign trade report of the National Bureau of Statistics (NBS) reveals a slow recovery in Nigeria’s trade with other African nations.
Although there has been a progressive trend from the pandemic slump, the trade volumes have yet to eclipse the pre-COVID-19 zenith, casting a shadow on the effectiveness of the AfCFTA agreement in catalysing a robust trade recovery.