Nigeria Launches $1 Billion Credit Facility for AfCFTA Exporters

The Nigerian government launched a program to help domestic companies access a $1 billion AfCFTA Adjustment Fund credit facility managed by Afreximbank. Announced during a second-quarter meeting of the AfCFTA Central Coordination Committee in Abuja, the fund targets large corporations capable of absorbing at least $10 million to boost continental production and exports.

Jumoke Oduwole, the Minister of Industry, Trade and Investment, introduced the AfCFTA ABC Simulation Series to help exporters navigate certification and documentation across five trade protocols. Oduwole also noted the domestication of the Digital Trade Protocol and the expansion of the Air Cargo Corridor Initiative to Rwanda as significant milestones in Nigeria's trade strategy.

Nigeria is preparing to host an AfCFTA week from late June to early July 2026. The schedule includes a conference on June 29 and a Council of Ministers meeting on June 30, which Nigeria will chair. Previous sensitization efforts in Kano have already attracted more than 470 businesses to the initiative.