Nigeria has officially joined the Arab Africa Trade Bridges (AATB) Program to boost agribusiness, industrial development, and cross-regional trade. The agreement was signed in Abuja by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, and Adeeb Al Aama, CEO of the International Islamic Trade Finance Corporation and AATB Secretary-General.
Speaking at the signing, Wale Edun emphasized that the partnership will help Nigeria diversify exports, enhance value-added production, and strengthen trade ties with Arab and African partners.
The program will support agribusiness modernization, SME development, industrial growth, improved logistics, and digital trade readiness. Officials estimate that stronger Africa–Arab trade links could generate over $37 billion in additional trade in the next three years.
The success of the initiative will depend on implementing concrete value-addition projects, improving logistics infrastructure, and enabling local businesses to tap into new export and investment opportunities.
Nigeria’s participation marks a strategic step toward shifting from raw-commodity exports to higher-value agribusiness and industrial production, aiming to boost competitiveness and sustainable economic growth. Visit www.jocomms.com for more news.
