General
Nigeria Ranks Seventh on Africa Visa Openness Index
By Adedapo Adesanya
Nigeria has ranked seventh in the latest Africa Visa Openness Index published this month by the African Development Bank (AfDB) and the African Union Commission.
The index, which has been published since 2016, measures the extent to which African countries are open to visitors from other African countries. It also analyses each country’s visa requirements to show which countries on the continent facilitate travel to their countries.
For each country, the index calculates the number of African countries whose citizens must obtain a visa before travelling there, the number of countries whose citizens may obtain a visa upon arrival, and the number of countries whose citizens do not need a visa to enter.
The index also tracks changes in the countries’ scores over time and then analyses how policies earmarked for freedom of movement across the continent are evolving.
Last year, Uganda was ranked seventh on the continent just behind Seychelles, Benin, The Gambia, Senegal, Ghana and Rwanda but this year, Nigeria upstaged Uganda.
Overall, Africa is almost evenly split between countries with a liberal visa policy and those that partially restrict entry from other African states. A quarter of African countries welcome some or all African visitors visa-free; another quarter, roughly, permits some or all African visitors to obtain a visa on arrival.
This year’s index found that the onset of the COVID-19 pandemic substantially impacted the free movement of people around the continent as governments temporarily reversed their liberal visa regime partly in reaction to the COVID-19 pandemic.
Yet, despite the COVID-19 crisis forcing many African countries to introduce measures to curtail travel, 36 countries have improved or maintained their Visa Openness Index score since 2016 when the visa openness rankings were introduced by the AfDB.
The report mentions Namibia, Morocco, and Tunisia as countries that have made the most progress in visa openness.
Still, high visa fees and cumbersome application processes remain a major bottleneck for travellers in Africa, especially business people. For instance, the average visa fee for Africans travelling on the continent is $63. The visa fees depend on the length of stay and they can range anywhere between $12-250 while the average processing time for issuing a visa can range anywhere between 1-10 days.
Speaking on this, Mrs Monique Nsanzabaganwa, the Deputy Chairperson at the AU Commission noted that the Africa Visa Openness Index report has revealed a real danger of Africa losing the gains in liberal visa policies that the continent has realized over the years.
“A lot more can be done to reduce bureaucracy, address the security implications for the free movement of people agenda, and simplify the visa process so that Africans have a smoother travel experience,” she said.
Experts at both the AfDB and the Africa Union Commission say in order for Africa to recover and rebuild, it is important that the governments combine efforts not only to expand access to vaccines but also ease the movement of people on the continent.
“Making vaccines more accessible and easing the movement of people is essential to kick-start trade and investments in tourism, travel-related industries, and other equally crucial sectors, such as agriculture, energy and manufacturing,” said Mr Khaled Sherif, the AfDB Vice President Regional Development, Integration and Business Delivery.
“By supporting the free movement of people, we make it easier for Africans to do business in Africa. Free movement of people, especially workers, could help plug skills gaps while enabling countries to fix skills mismatches in their labour markets,” said Mr Jean-Guy Afrika, the Officer-In-Charge of the Regional Integration Coordination Office at the African Development Bank.
“We need the visa regime to be able to help people move around. We also need the right customs regime and the right border automation control and so on, to support the movement of people, goods and services for the development, growth and sustainability of the African economy as we begin to recover from the pandemic,” said Mrs Adefunke Adeyemi, the Africa Regional Director, at the International Air Transport Association (IATA).
By Adedapo Adesanya
The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), and Standard Chartered on Wednesday announced a new risk-sharing facility aimed at strengthening supply chains and supporting business growth across Africa.
The programme will roll out across eight markets—Côte d’Ivoire, Egypt, Ghana, Kenya, Nigeria, South Africa, Tanzania and Zambia—targeting sectors including agriculture, healthcare and manufacturing, with a focus on improving access to working capital for suppliers.
This marks the IFC’s first project under its Global Supply Chain Finance Program and the Africa Trade and Supply Chain Recovery Initiative, supported by the International Development Association’s Private Sector Window Blended Finance Facility.
Global demand for supply chain finance continues to rise, reaching an estimated $2.7 trillion in 2025, an increase of 8 per cent year-on-year. However, access in emerging markets remains limited, as financial institutions tend to prioritise developed economies.
The facility will cover up to $300 million in supply chain and trade finance assets originated by Standard Chartered. It includes financing instruments such as payables finance, receivables discounting and pre-shipment finance programmes, which enable businesses to access funds earlier in the payment cycle.
The facility aims to address this imbalance by mitigating risk in short-term trade and supply chain finance portfolios, helping to unlock capital in underserved markets.
By accelerating payments to suppliers, the initiative aims to strengthen supply chain relationships, improve delivery reliability and support job creation across value chains.
IFC will provide guarantees of up to $150 million, with $100 million committed as an initial tranche. The facility will support transactions in both U.S. dollars and selected local currencies.
Over three years, the partnership is expected to enable approximately $1.9 billion in supply chain finance transactions, supporting more than 500 suppliers, including small and medium enterprises. The programme also has the potential to indirectly benefit over 1 million farmers.
Speaking on this development, Mr Mohamed Gouled, Vice President, Products & Clients at IFC, said, “Supply chain finance is among the fastest ways to narrow the growing finance gap that businesses, particularly small and medium enterprises, are facing in emerging economies. By partnering with Standard Chartered to support companies at the centre of strategic value chains, we can unlock much-needed working capital at scale for businesses across Africa, including smaller firms and farmers, making supply chains more competitive and boosting job creation.”
On his part, Mr Dalu Ajene, Chief Executive and Head of Coverage, Standard Chartered Africa, said, “This $300 million facility with IFC underscores our shared commitment to strengthening Africa’s supply chains and enabling sustainable business growth. As a super-connector bank with deep expertise across key trade corridors linking Africa to Europe, Asia, the Middle East and the Americas, we are uniquely positioned to channel capital and innovation into the real economy.”
“By expanding access to supply chain finance, we are helping African companies unlock liquidity, manage risk, and invest with confidence. Our collaboration unites Standard Chartered’s cross-border expertise with IFC’s development mandate to empower businesses – from major corporations to smaller local suppliers – to engage more actively in regional and global trade, fostering job creation and promoting inclusive growth,” he added.
By Adedapo Adesanya
The National Bureau of Statistics (NBS) has said that the average retail price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, rose by 22.55 per cent or N237.07 per litre to N1,288.54 in March 2026 from N1,051.47 in February.
In the Premium Motor Spirit (Petrol) Price Watch for March released on Tuesday, the NBS said on a year-on-year basis, the average retail price of fuel also increased by 2.13 per cent from N1,261.65 recorded in March 2025.
This surge in fuel prices could be linked to global disruptions brought on by the US-Israel war on Iran, which triggered the closure of the Strait of Hormuz and sent prices of crude oil above $100 per barrel.
While the country was not heavily hit by the impact, it felt the ripple effect of crude prices increasing, particularly as Dangote Refinery imported crude from other markets to cover for local feedstock shortfalls.
The data noted that by state, Anambra recorded the highest average retail price of N1,441.22 per litre, followed by Sokoto at N1,377.55 and Borno at N1,375.16.
However, the price was cheapest in Lagos at N1,162.71, followed by Ogun at N1,169.78 and Kaduna state at N1,193.40.
By zone, it was most expensive in the North East at N1,336.50 last month, while the South-West recorded the lowest at N1,232.46.
A look at the Diesel Price Watch Report for March showed that the average retail price paid by users rose by 16.05 per cent on a month-on-month basis to N1,648.08 per litre from N1,420.17 per litre a month earlier.
“On state profiles analysis, the highest average price of diesel in March was recorded in Ebonyi at N2,262.29 per litre, followed by Akwa Ibom at N1,895.72 and Osun at N1,872.15.
“On the other hand, the lowest price was recorded in Kogi at N1,383.40 per litre, followed by Katsina State at N1,438.25 and Enugu at N1,480.06,” parts of the report said.
By Modupe Gbadeyanka
The vice-presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Datti Baba-Ahmed, has left the party to join the Peoples Redemption Party (PRP).
Speaking on Channels Television’s Politics Today, the politician said he’s no longer interested in the way the Labour Party was being run.
He disclosed that there is no more peace in the political party he flew its flag in the last general elections because of greed.
He accused the ruling All Progressives Congress (APC) of destabilising opposition political parties to ensure President Bola Tinubu does not have a credible opponent in the 2027 presidential poll.
“What the Labour Party stood for is not the same now. We have a government of today which is interested in destroying other political parties,” he said.
“I am leaving the Labour Party tomorrow (today) by 12 midnight,” Mr Baba-Ahmed said when asked about his plans for next year.
I am leaving the Labour Party [at] midnight, and I am joining PRP. PRP is the new destination. PRP is the one with a history. It’s about 75 years old,” he further stated.
He further said, “When there was real peace in the Labour Party, someone was redeployed to the Labour Party and because of the antecedents of the person, [I don’t see things getting better].
PRP, a progressive Nigerian political party, was established in 1978 by Mallam Aminu Kano. It is rooted in social democratic principles and populist ideology, often focusing on the empowerment of the talakawa (common people).
Its current National Chairman, according to data obtained from the website of the Independent National Electoral Commission (INEC), is Mr Falalu Bello, while the National Secretary is Mr Babatunde F. Alli.
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