FG unveils $1bn AfCFTA Adjustment Fund Credit Facility to Nigerian businesses
Abuja, June 2026 – The federal government has unveiled opportunity for Nigerian businesses to access $1 billion AfCFTA Adjustment Fund Credit Facility.
Jumoke Oduwole, the Minister of Industry, Trade and Investment, unveiled the opportunities during the second-quarter 2026 meeting of the AfCFTA Central Coordination Committee in Abuja on Tuesday.
She said the credit facility is designed to boost production, competitiveness, and intra-African trade.
According to a statement issued by Obilor-Duru Augustina Okechi, the Head of Press and Public Relations in the ministry, the minister also said the facility represented a major opportunity for Nigerian businesses to expand operations, modernise production processes, and increase exports to African markets.
The minister said many local businesses had continued to face obstacles that limited their ability to take advantage of the single African market in spite of the progress Nigeria had made in implementing the continental trade agreement.
“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
Oduwole said the federal government was addressing these challenges through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes, and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
She stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
She highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
Mrs Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, congratulated Oduwole on her recent appointment as Chair of the AfCFTA Council of Ministers.
She described the appointment as evidence of Nigeria’s increasing influence in Africa’s trade integration process.
Okala said the recent AfCFTA sensitisation programmes held in Kano attracted more than 470 businesses, including significant participation from women-led enterprises.
She also said the newly introduced AfCFTA ABC Series was equipping businesses with practical knowledge on export procedures and helping them understand how to access opportunities within the continental market.
“The recent AfCFTA sensitisation engagements in Kano attracted more than 470 businesses, including strong participation by women-led enterprises.
“The newly launched AfCFTA ABC Series is helping businesses better understand export procedures and take advantage of opportunities within the continental market.”
Okala said the $1 billion AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10 million.
