Nigeria Industry Ministry Mobilizes $380 Million, Certifies 131 Firms for AfCFTA Access
Updated
Updated · msmeafricaonline.com · Jun 18
Nigeria Industry Ministry Mobilizes $380 Million, Certifies 131 Firms for AfCFTA Access
1 articles · Updated · msmeafricaonline.com · Jun 18
Summary
$380 million in strategic financing has been mobilized within three months of Nigeria Industrial Policy 2025, while 131 companies and 220 products gained African Quality Mark certification for AfCFTA trade access.
The 90-day progress report ties that early momentum to eight policy priorities aimed at boosting local production, exports, jobs and MSME competitiveness under President Bola Tinubu’s Nigeria First agenda.
Key sector moves include a July 14 cocoa value-chain summit, a revived cotton-textile-garment programme, sugar expansion plans targeting 600,000 tonnes at Dangote and 300,000 tonnes at Sunti, and an EV assembly deal with Asian partners.
The ministry also said 620 Nigerians were trained in the first 90 days, a proposed ₦350 billion MSME fund is in the pipeline, and dedicated gas supply for Idu Industrial Park is targeted by August 2026.
The package signals a broader push to shift Nigeria from raw-material exports and imports toward domestic processing, industrial clusters and wider access to African markets.