Nigeria, Africa’s largest economy, has long looked beyond the continent for trade partners. Indeed, trade flows between African nations have historically been low across the board, accounting for less than 17% of overall trade volumes.
But as BACB observed in our recent whitepaper, 2018’s African Continental Free Trade Agreement (AfCFTA), may be set to change this status quo. In a new article for Global Banking & Finance Review, David Oberheim, BACB’s Director for Anglophone Africa, discusses why Nigeria may soon be playing a central role in a more interconnected African economy.
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