Africa’s Future in Focus as Edun Advocates Intra-African Trade

Africa’s Future in Focus as Edun Advocates Intra-African Trade

JOEL OLADELE, Abuja

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has emphasized the importance of intra-African trade as a foundation for the continent’s long-term growth and integration.

This call to action was made in Lagos at the launch of ,”Africa 2063: Creating the Future We Want,” a book honouring the late Osaze Osifo, a respected investment executive and advocate for African development who passed away in 2022

Speaking at the occasion, Edun highlighted that intra-African trade currently accounts for just 10% of the continent’s total trade. He stressed the need for improvements in logistics, transport links, and payment systems to unlock the potential of Africa’s vast market.

“Improving logistics, transport links, and payment systems is essential to unlocking the promise of our 1.3 billion-person market,” he stated.

The Minister described Osifo as a visionary with a rare intellect and unwavering commitment to practical development. He noted that Osifo’s legacy continues through ideas focused on inclusive growth and private sector-driven transformation.

He reaffirmed that the government remains committed to creating an enabling environment for investment, as evidenced by a recent infrastructure deal that successfully passed an international value-for-money audit. This milestone demonstrates growing investor confidence in Nigeria’s reform path.

As Africa looks to the future, the Minister’s advocacy for deeper
intra-African trade serves as a timely reminder of the continent’s vast potential. By working together to address the challenges and opportunities in intra-African trade, Africa can unlock new avenues for growth and development.