Africa’s future in focus as Wale Edun advocates for Intra-African trade
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has emphasized the importance of intra-African trade as a foundation for the continent’s long-term growth and integration.
This call to action was made in Lagos at the launch of *Africa 2063: Creating the Future We Want,* a book honouring the late Osaze Osifo, a respected investment executive and advocate for African development who passed away in 2022
Speaking at the occasion, HM Edun highlighted that intra-African trade currently accounts for just 10% of the continent’s total trade. He stressed the need for improvements in logistics, transport links, and payment systems to unlock the potential of Africa’s vast market.
*Improving logistics, transport links, and payment systems is essential to unlocking the promise of our 1.3 billion-person market,* he stated.
The Minister described Osifo as a visionary with a rare intellect and unwavering commitment to practical development. He noted that Osifo’s legacy continues through ideas focused on inclusive growth and private sector-driven transformation.
He reaffirmed that the government remains committed to creating an enabling environment for investment, as evidenced by a recent infrastructure deal that successfully passed an international value-for-money audit. This milestone demonstrates growing investor confidence in Nigeria’s reform path.
As Africa looks to the future, the Minister’s advocacy for deeper
intra-African trade serves as a timely reminder of the continent’s vast potential. By working together to address the challenges and opportunities in intra-African trade, Africa can unlock new avenues for growth and development.
Signed
Mohammed Manga *FCAI*
Director, Information and Public Relations
May 10, 2025
