AU endorses Nigeria as AfCFTA digital trade champion

The African Union (AU) has endorsed Nigeria as the Digital Trade Champion for the continent under the Africa Continental Free Trade Area (AfCFTA) Digital Trade protocol.

The endorsement followed the impressive record of the federal government in promoting digital enterprise and innovation.

The 38th Ordinary Session of the Assembly of Heads of State and Government, which came to an end on Sunday in Addis Ababa, Ethiopia, recognised Nigeria’s proactive role in advancing the implementation of the digital trade protocol adopted in February 2024.

The protocol features an agenda to develop eight annexes covering critical areas, including rules of origin, digital identities, cross-border data transfers, legitimate and legal public interest reasons for disclosing source code, online safety and security, emerging and advanced technologies, and financial technology.

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In his annual report on the progress of the AfCFTA’s digital trade protocol, a former president of Niger Republic and AU AfCFTA champion Mahamadou Issoufou lauded Nigeria’s leadership for convening the Digital Economy Roundtable in January.

He noted that the gathering was pivotal in driving the digital trade agenda forward.

‘’No organisation, region, or continent has negotiated or adopted such a comprehensive legal instrument on digital trade, positioning the African continent to benefit from the digital economy for innovation and job creation,” former President Issoufou said.

The former Nigerien leader observed that young Africans are leaders in digital innovation, particularly in mobile banking and other digitally enabled services.

‘’The AfCFTA Protocol on Digital Trade will establish a conducive environment for these young people to fully participate in Africa’s digital economy,’’ he added.

Reflecting on the Digital Economy Roundtable in Abuja, Issoufou commended President Bola Tinubu and his administration for convening the event and inviting the AfCFTA Secretariat to participate.