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Nigeria, alongside Afreximbank, the African Union Commission, and the AfCFTA Secretariat, has officially signed an agreement to host the 2027 Intra-African Trade Fair (IATF2027) in Lagos. The city will also host the Creative Africa Nexus 2026 event.
Industry experts have pinpointed inadequate standardisation, ineffective logistics, and inconsistent policies as significant challenges to intra-African trade, urging governments to enhance value addition and facilitate the smooth transit of goods. This was highlighted during the West Africa Industrialisation, Manufacturing & Trade Summit & Exhibition in Lagos.
WTO Director-General Ngozi Okonjo-Iweala emphasized the importance of value addition to African products to enhance intra-continental trade during an interview in Davos, encouraging sectors like textiles and digital services.
