@AfCFTA I was honoured to represent the Head of the Trade Statistics Division, @NBS_Nigeria, at the Inaugural Meeting of the @AfCFTA Committee on Trade and Statistics in Nairobi, Kenya. 🇰🇪🇳🇬
Today, the #AfCFTASecretariat convened the Inaugural Meeting of the AfCFTA Committee on Trade and Statistics in Nairobi, Kenya, bringing together representatives from national statistical offices, customs and revenue authorities, central banks, development finance institutions, think tanks, and experts under the theme “Recomputing Intra-African Trade.”
Recognising the critical role of trade data in advancing AfCFTA implementation, this platform was established following the Council of Ministers' decision to address data opportunities and challenges across the continent.
Participants reviewed the draft Terms of Reference and a proposed three-year work plan, and engaged in substantive discussions on the computation of intra-African trade statistics, including alternative methodological approaches.
Key outcomes included the need to develop a sustainable, harmonised framework to strengthen trade data systems and standardised templates for data collection and reporting.
The Committee will meet twice a year, with its work expected to inform the development of the inaugural and subsequent AfCFTA Intra-African Trade Reports.
#CreatingOneAfricanMarket #RecomputingIntraAfricanTrade
Happening Now: Watch President Bola Ahmed Tinubu’s Keynote Address at the 2025 Afreximbank Annual Meetings #AAM2025.
Watch the live event via Aso Villa TV youtube page -> https://t.co/oCeAhdAEtZ
#AAM2025
@Blaisemat6@NBS_Nigeria The opinions presented are my own views and may not represent the official stance of any institution or organization. Thank you
@Blaisemat6@NBS_Nigeria •Invest in the economy – You can invest in stocks, bonds, or other assets to grow your wealth.
•Learn new skills – Developing new skills can help you start your own business.
•Understand personal finance – how to manage your money can help make better financial decisions.
@Blaisemat6@NBS_Nigeria •Prices are rising globally – this can make things we import more expensive, which could lead to higher prices in Nigeria.
How ordinary Nigerians benefit from this information?
•Start a business – With more economic activity, there are opportunities to start new businesses.
@Blaisemat6@NBS_Nigeria •But, we still rely too much on oil – if oil prices drop, it could hurt our economy.
•Nigeria needs to sell more non-oil products – that is, Nigeria should focus on selling other things like agricultural products and manufactured goods to make our economy more stable.
@Blaisemat6@NBS_Nigeria What does it mean?
Nigeria's recent trade report shows that we've been buying and selling more goods. There are some things to consider:
•More money coming in – Nigeria have been selling more oil, which brings in more money. This can help stabilize our economy and create jobs.
Afreximbank Research “flash note” Report on the Red Sea Attacks and its impact on Africa’s Trade and Macroeconomic Stability is available @ https://t.co/ZrcuDXdVG8