Nigeria Positioned as Hub for AfCFTA's $3.4 Trillion Market
Vice President Kashim Shettima stated that Nigeria is the natural hub for the African Continental Free Trade Area's (AfCFTA) $3.4 trillion market.
"In April, Fitch upgraded Nigeria's sovereign rating to B with a stable outlook, and Moody's lifted its issuer rating to B3 with a stable outlook.
This was mentioned at the Roundtable hosted by the Business Council for International Understanding (BCIU) with the theme "Risk, Reform, Return," held in New York City on September 22, 2025.
- Nigeria's sovereign rating by Fitch and Moody's supports its position as a hub for AfCFTA.
- The country's stable outlook is a key factor in its potential for growth and investment.
Author's summary: Nigeria is a hub for AfCFTA's market.
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