Nigeria has joined other Commonwealth nations to pursue a $2 trillion trade goal aimed at deepening economic cooperation and resilience.
Nigeria has joined fellow Commonwealth nations in advancing a $2 trillion trade agenda designed to strengthen economic ties, boost resilience, and promote sustainable growth across member countries.
The initiative was announced at a high-level Commonwealth Finance Ministers’ Meeting held on the sidelines of the World Bank and IMF Annual Meetings in Washington D.C., according to a statement from the Federal Ministry of Finance.
The Commonwealth Secretariat noted that intra-Commonwealth trade is, on average, 21% cheaper due to shared language and legal systems. It projects trade among member nations could reach $2 trillion by 2030, driven by improved connectivity and innovation.
Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, reaffirmed the country’s commitment to poverty reduction and job creation. The move underscores Nigeria’s active role in shaping the Commonwealth’s economic transformation and fostering greater South–South trade cooperation.
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