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FG Kicks Off AfCFTA Stakeholders’ Sensitization, Consultation

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AfCFTA

By Dipo Olowookere

In pursuant to the directive of President Buhari to deepen sensitisation of African Continental Free Trade Area (AfCFTA), the Federal Government has commenced Stakeholders’ Sensitization and Consultation across the six geopolitical zones starting in Kano Sate; North-West zone.

The decision to establish the AfCFTA was taken in 2012 by all Heads of State and Government of the African Union (AU) at its 18th Ordinary Session. Actual Negotiating Progress started with Nigeria’s Leadership in 2017 when Ambassador Osakwe was elected Chairman of the 54-member Negotiating Forum in Niamey, Niger, on June 5, 2017 during the 6th cycle of the negotiations for the AfCFTA.

The seasoned negotiator and diplomat at the time he was elected had explained that “the responsibility we have is a major challenge and at the same time a unique opportunity to contribute to growth, job creation and poverty reduction in Africa. Concluding the AfCFTA is also of necessity, for improving intra-African trade as part of a broader response to a global economy in rapid and uncertain change.”

AfCFTA are in two stages: Stage 1 covers Trade in Goods and Services; while Stage 2 covers intellectual property, competition policy and investment.

Stage 1 negotiations chaired by Nigeria’s Chief Trade Negotiator, Ambassador Osakwe, were concluded by the 10th Negotiating Forum on March 8, 2018 and adopted by African Ministers of Trade (AMOT) chaired by Nigeria’s Minister Enelamah and forwarded to the AU Executive Council of Foreign Ministers of AU.

At the Extraordinary Summit of African Union Heads of State and Government held on March 21, 2018 in Kigali Rwanda, the Agreement establishing the AfCFTA was adopted and signed by 44 Members of the African Union. The Declaration launching the AfCFTA was signed by 43 AU Members.

Since Kigali, Ghana and Rwanda have ratified the AfCFTA. Upon entry into Force, with the deposit of 22 instruments of ratification, the AfCFTA shall be the largest Free Trade Area (FTA) in the global economy. This will boost job creation through increased intra-African Trade and expand market access for Nigeria’s exporters of goods and services, covering a market of over a billion Africans with a combined GDP of $2.5 trillion.

Speaking at the AfCFTA Northwest Zonal sensitization and consultation in Kano, Governor Abdullahi Umar Ganduje, represented by the SSG, Mr Usman said: “Kano State is willing and committed to taking further specific steps to reactivate and update historic trade corridors with the objective of using these corridors to boost Nigerian exports and intra-African trade.”

Speaking further, he “urged participants to take advantage of African Continental Free Trade Area for the economic growth and betterment of their respective states, Nigeria and Africa in general.”

On his part, Director General/Chief Negotiator NOTN, Ambassador Chiedu Osakwe stated that “the AfCFTA is the result of Nigeria’s leadership.

“In implementing the directive of President Buhari to sensitive and consult nation-wide, we shall make the AfCFTA count in the range of efforts underway to trigger a catapult effect for Nigeria’s growth and job creation. Today, Kano, for the Northwest, caused a first class lift off.”

The AfCFTA when fully implemented, Nigeria stands to benefit from rules-based trade governance in intra-African trade to ensure fair trade and legal right to use trade remedies to safeguard the Nigerian economy from dumping and injurious trade practices.

As estimated by United Nations Economic Commission for Africa (UNECA), AfCFTA will expand the size of Africa’s economy to $29 trillion by 2050. Nigeria as the biggest economy in Africa stands to benefit tremendously from this.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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US Suspends Immigrants Visa for Nigerians, 74 Others

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US Immigrants Visa

By Adedapo Adesanya

Nigeria is among 75 countries the US government will suspend the processing of immigrant visas for its citizens.

According to the US State Department, the citizens of the 75 countries are those whose nationals are deemed likely to require public assistance while living in the United States.

The State Department, led by Secretary Marco Rubio, said it had instructed consular officers to halt immigrant visa applications from the countries affected in accordance with a broader order issued in November that tightened rules around potential immigrants who might become “public charges” in the US.

Business Post gathered that alongside Nigeria are Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, and Dominica.

Others include Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, and Yemen.

The suspension, which will begin on January 21, will not apply to applicants seeking non-immigrant visas, or temporary tourist or business visas.

“The Trump administration is bringing an end to the abuse of America’s immigration system by those who would extract wealth from the American people,” the department said in a statement.

“Immigrant visa processing from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”

President Donald Trump’s administration has already severely restricted immigrant and non-immigrant visa processing for citizens of dozens of countries, many of them in Africa.

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Nigeria Hires $9m American Lobby Firm to Counter Christian Genocide Claims

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By Adedapo Adesanya

Nigeria has reportedly engaged the services of a Washington-based lobbying firm, DCI Group, in a $9 million contract aimed at communicating its efforts to protect Christians in Nigeria to the United States government.

According to The Africa Report, the amount appears to be a record for African lobbying in the US capital, citing documents filed with the US Department of Justice by Aster Legal, a Kaduna-based law firm, acting on behalf of National Security Adviser (NSA), Mr Nuhu Ribadu.

The agreement, signed on December 17, 2025, between Mr Oyetunji Olalekan Teslim, Managing Partner of Aster Legal, and Mr Justin Peterson, Managing Member of DCI Group, authorises the US firm to assist the Nigerian government “in communicating its actions to protect Nigerian Christian communities and maintaining US support in countering West African jihadist groups and other destabilizing elements.”

Under the terms of the contract, DCI Group will receive $750,000 monthly, amounting to $9 million over 12 months. The deal runs initially for six months, until June 30, 2026, with an automatic renewal clause for another six-month period.

A clause in the agreement also allowed either party to terminate the deal “for any reason without penalty” by giving 60 days’ advance written notice.

It was reported that on December 12, 2025, Nigeria paid DCI Group 50 per cent or $4.5 million prepayment covering the first six months of the retainership agreement. A second installment is due at the end of the initial contract period.

This comes amid recent threats by US President Donald Trump to invade the country after its redesignation of Nigeria as a “country of particular concern,” citing alleged attacks against Christian communities. However, the Nigerian government has repeatedly denied claims of a Christian genocide, insisting that violence in the country affects all regardless of their affiliations.

Following an engagement late last year, the federal government pledged to “engage with the American government through diplomatic and legal channels” to address the allegations. Since late November, the US has been conducting intelligence-gathering flights over large parts of Nigeria.

On Christmas Day, the US military launched airstrikes against Islamic State (IS) terrorist enclaves in Bauni Forest, Tangaza Local Government Area of Sokoto State, marking a significant escalation in US counterterrorism involvement in Nigeria.

On Tuesday, the US delivered critical military supplies to Nigeria to bolster the country’s operations, the US military’s Africa Command (AFRICOM) said.

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Nigeria, UAE Seal Trade Pact, to Co-host Investopia

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tinubu ADSW 2026

By Adedapo Adesanya

President Bola Tinubu has said Nigeria would co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, an initiative aimed at attracting global investors and accelerating sustainable investment inflows.

President Tinubu made this announcement on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital trade.

“We warmly invite our partners to join us and help build the next chapter of sustainable and shared prosperity for Nigeria, Africa, and the world, ” President Tinubu said.

He described CEPA as a historic and strategic agreement that will also enhance cooperation in aviation, logistics, agriculture, and climate-smart infrastructure, creating enduring opportunities for the people of the two countries, stating that Investopia will bring together investors, innovators, policymakers, and business leaders to transform opportunities into commitment and ideas into investment.

Mr Tinubu told the summit that Nigeria aims to mobilise up to $30 billion annually in climate and green industrial finance as it accelerates energy transition reforms and expands nationwide electricity access.

“The foundation of every modern economy is electricity. As an emerging economy in the Global South, we understand the delicate balance between industrialisation and decarbonisation, ensuring neither is pursued at the expense of the other.

”We are calling for a fundamental shift in the global financial architecture: a move away from the restrictive requirement of sovereign guarantees, which unfairly penalise developing economies.

”Instead, the focus should be on blended finance and first-loss capital mechanisms that allow private sustainable capital flows directly into our green projects without further straining national balance sheets,” he said.

According to President Tinubu, Nigeria has strengthened its climate governance framework with the adoption of a National Carbon Market Activation Policy and the launch of a National Carbon Registry.

He explained that these measures are aimed at improving transparency and investor confidence.

Mr Tinubu highlighted the Electricity Act 2023 as a central pillar of Nigeria’s energy reforms, noting that it enables decentralised power generation and distribution to underserved communities.

He added that Nigeria’s climate investment drive includes a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority, as well as a $750 million World Bank programme expected to expand clean electricity access to more than 17.5 million people.

President Tinubu reaffirmed Nigeria’s target of net-zero emissions by 2060, under its Energy Transition Plan, while pursuing industrial growth and universal energy access.

He invited foreign investors to partner in Nigeria’s lithium and critical minerals sector, stressing that the government prioritises local processing and value addition.

President Tinubu noted that Nigeria’s ongoing economic reforms are producing tangible results, including a 21 per cent growth in non-oil exports.

”These reforms, alongside wider fiscal and monetary measures, are delivering results. Non-oil exports have grown by 21 per cent, supported by a more diversified product base. Capital importation has risen, and Nigeria now has over 50 billion dollars in investment commitments across key sectors.

”We are ready to work with partners across the world to ensure that the next era of development is not only green and inclusive, but just and enduring,” he said.

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