Nigeria joins Arab-Africa Trade Bridges Program
This program aims to strengthen trade ties, stimulate investments, and advance economic integration between Arab and African countries.
In a significant development for both Nigeria and the Arab-African region, Nigeria has officially joined the Arab-Africa Trade Bridges Program, a collaborative initiative aimed at fostering economic growth, trade expansion, and cultural exchange between Arab and African nations. This milestone marks a promising new chapter in international trade and cooperation for Nigeria and the participating Arab countries.
The Arab-Africa Trade Bridges Program is an initiative that was launched in 2017 with the objective of strengthening economic ties between Arab countries and African nations. The program is a joint effort of the Arab Bank for Economic Development in Africa (BADEA), the International Islamic Trade Finance Corporation (ITFC), and the African Export-Import Bank (Afreximbank). Its overarching goal is to promote trade and investment, stimulate economic development, and enhance cooperation between Arab and African states.
Nigeria’s decision to join the Arab-Africa Trade Bridges Program is a significant move with far-reaching implications. The country’s entry into the program was officially announced on [insert date], and it represents a strategic decision by Nigeria’s government to engage more actively in regional and international trade.
The General Secretariat of the Arab-Africa Trade Bridges (AATB) Program has officially welcomed Nigeria as a member of the program.
This initiative is dedicated to promoting economic integration, enhancing trade relationships, and encouraging investments between Arab and African nations.
The AATB Secretary General and CEO of the International Islamic Trade Finance Corporation (ITFC), Hani Sonbol, said: “The admission of the Federal Republic of Nigeria into the AATB Program is a major milestone, and we are confident this new partnership with one of Africa’s economic powerhouses will strengthen investment flows and trade relations between the Arab and African regions. Given the economic potential of Nigeria, we will support the country in its quest to diversify and grow its economy and access new markets across Africa and the Arab regions.”
Nigeria’s membership in the AATB Program underscores the country’s strong commitment to expand its global trade footprint, foster international partnerships, and boost economic growth.
The Arab-Africa Trade Bridges (AATB) Program is a regional trade program which aims to address the challenges faced in promoting trade across Arab and African countries
