FG reveals Uganda Air's plans to move Nigerian goods to other African countries at reduced costs

• The Nigerian authorities has announced that Uganda Air has begun Nigeria-East/South Africa aerial cargo nether the AfCTA
• The determination is to assistance Nigerian businesses transport their goods cheaply and timely mode nether the AfCFTA agreement
• The Minister of Industry, Trade and Investment, Jumoke Oduwole, announced the development

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Ugandan Air has begun its Nigeria-East/South Africa Air Cargo corridor to let Nigerian goods to determination into the African Continental Free Trade Area (AfCFTA) market.

Jumoke Oduwole, the Minister of Industry, Trade, and Investment, performed the flag-off ceremony.

FG announces that Uganda Air volition determination Nigerian goods nether AfCFTA. Credit: UA/Stringer
Source: UGC

Nigerian businesses to summation from the move

She said that the lawsuit marked a important accomplishment successful the corporate effort to marque the commercialized country a world for Nigerian businesses, particularly MSMEs.

The caller corridor volition importantly trim freight costs from Nigeria to East and Southern African countries and is formed by reduced rates that are presently little than commercialized rates and use to Nigerian businesses that are members of the umbrella concern groups successful the country.

The determination ensures that not lone tin Nigerian businesses payment from little cargo rates, but Nigeria, successful concern with the concern groups, to show commercialized levels with different African partners.

The determination to stimulate industrialisation

Oduwole said that the AfCFTA constitution is the world’s largest commercialized country by fig of countries.

She described the marketplace arsenic essential, arsenic intra-African commercialized records, which person higher levels of commercialized successful value-added products than commercialized with different regions.

According to the Minister, the improvement straight affects Nigeria’s ambition to boost industrialisation, diversify exports, promote concern growth, stimulate employment, and execute wide economical development.

Oduwole said:

“Commencing from Lagos and Abuja, this corridor is much than a logistics initiative. It is simply a strategical commercialized enabler, accelerating determination integration and unlocking caller opportunities for Nigerian exporters.

President Bola Tinubu signs the AfCFTA statement to boost intra-African trade. Credit: State House.
Source: Facebook

Nigerian businesses to export goods cheaply

The curate revealed that Nigerian exporters person faced precocious logistic costs and delayed transportation erstwhile trading with different African countries.

She disclosed that the caller corridor reduces transportation timelines from 2 months to days, and ensures that time-sensitive and perishable goods scope their destinations successful bully condition.

The Guardian reported that the AfCFTA is simply a solution by Africans for Africa, stating that the aerial corridor is not conscionable a aviator programme but a pathway for Nigerian MSMEs to entree and grow crossed Africa with confidence, reduced costs, shorter timeframes, and reduced risk.

According to her, connected Monday, May 26, 2025, the authorities volition motorboat an AfCFTA Market Insights/Intelligence Tool developed with UNDP to assistance businesses navigate regulatory hurdles and place trends successful East and Southern African territories.

She appreciated starring concern groups, including NACCIMA, NASME, NASSI, WCCIMA, and different groups, for their adjacent concern successful coordinating liable exporters for the aerial cargo corridor.

FG ratifies the AfCFTA agreement

Legit.ng earlier reported that the Nigerian authorities officially signed, ratified and submitted its ECOWAS Tariff Offer to the African Continental Free Trade Area (AfCFTA), establishing zero import duties of 90% wrong Africa.

The captious measurement by Nigeria was announced astatine the AfCFTA Council of Ministers gathering successful Kinshasa, Congo, reflecting the country’s involvement successful intra-African commercialized integration.

President Bola Tinubu endorsed the ECOWAS Schedule connected tariff offers for Nigeria, which shows Nigeria’s program to pb the continent’s commercialized future

FG announces day to statesman caller commercialized nether AfCFTA

Legit.ng antecedently reported that preferential commercialized nether the AfCFTA Guided Trade Initiative (GTI) is acceptable to beryllium launched by President Bola Ahmed Tinubu, successful keeping with the administration's renewed anticipation docket and the ambition of Africa's founding fathers to unite the continent successful shared prosperity.

The Preferential Trade ceremonial volition beryllium launched astatine Apapa Port successful Lagos connected July 16, 2024, according to a connection seen by Legit.ng.

According to Olusegun Awolowo, National Coordinator, Nigeria AfCFTA Coordination Office, Nigeria became the 34th AfCFTA State Party connected July 7, 2019, aft it signed the AfCFTA Agreement.

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Source: Legit.ng