Economic experts at the Pan-African Economic and Investment Summit in Abuja have called for the removal of trade barriers across African borders to strengthen regional commerce and drive economic growth.
The summit, themed “Driving Africa’s Economy for Inclusive Growth, Prosperity and Sustainable Development,” was organised by the African Union Agenda 2063 Ambassadorial Assembly to push for unity and self-reliance across the continent.
Delivering the keynote address, Dr John Pakka said Africa’s economic potential continues to be undermined by excessive dependence on foreign goods and cumbersome trade barriers among African nations. He urged governments across the continent to promote seamless trans-border trade as a key driver of economic integration and industrial growth.
According to him, trading across African borders is more expensive and frustrating than international trade with non-African countries. “One container export from Nigeria to China costs about 700 dollars, roughly N1.2 million. But moving one truck of goods across the Seme border into Benin Republic costs nearly N2 million. How can we call ourselves one Africa and still face such barriers?” he asked.
Pakka further explained that moving goods within the continent is so costly that it discourages production and competitiveness among African businesses. “When it costs about N10 million to move one truck of goods from Nigeria to Ghana, how can small businesses survive? We can’t build a sustainable economy when trans-border trade within Africa is more expensive than global shipping,” he added.
He called on policymakers to harmonize customs procedures, reduce tariffs, and invest in cross-border infrastructure to make the African Continental Free Trade Area (AfCFTA) truly functional and beneficial for local producers and traders.
Dr Stephen Ben-Joel, Head of Mission, African Union Agenda 2063, emphasized that the Agenda envisions a unified and self-sufficient continent where Africans trade and produce for Africans. “Africa exports raw materials and imports finished goods at ten times the cost. Gold leaves our shores, and jewelry returns at higher prices. Cocoa leaves Africa, yet chocolate factories are in Europe. This must change,” he said.
Ben-Joel urged African nations to build industries, refine raw materials, and add value locally, saying this was essential for achieving sustainable development and economic independence.
Co-chairman of the summit, Dr Sule-Iko Sadeeq, described the gathering as a “continental awakening” that reinforces Africa’s determination to redefine its role in the global economy. He said the continent must move from being described as a land of potential to a place of performance driven by innovation, enterprise, and the resilience of its people.
He added that Africa stands on the brink of transformation, powered by its entrepreneurs, youth, and vast natural resources, if only nations can work together towards a common economic goal.
The summit concluded with a call for unity, strategic collaboration, and strong political will to remove trade barriers and empower African businesses to thrive within a truly integrated continental market.
