Nigeria has joined the Commonwealth of Nations in a drive to seize a $2 trillion intra-Commonwealth trade opportunity by 2030, enhancing economic resilience and reducing poverty.
- During the Commonwealth Finance Ministers Meeting in Washington, D.C., Nigeria committed to unlocking a projected $2 trillion intra-Commonwealth trade market by 2030.
- The initiative aims to strengthen economic resilience and promote sustainable growth among the 56 member countries of the Commonwealth of Nations.
- The partnership, discussed alongside the International Monetary Fund and World Bank Annual Meetings, focuses on lifting millions out of poverty through increased trade.
Why It Matters
This initiative signifies a strategic collaboration among Commonwealth nations, highlighting the importance of trade in economic recovery and poverty alleviation, especially in the context of global economic challenges.