In a move to restructure Nigeria’s trade infrastructure and unlock export potential, the Federal Ministry of Industry, Trade and Investment and Nigeria (MITI) and the Nigeria Commodity Exchange (NCX) are collaborating with the Africa Trade and Distribution Company (ATDC) to set up Nigeria’s first national export trading company (NETC).
Discussions are said to be at an advanced stage for the proposed NETC, which is configured to be an operating entity of ATDC, earlier set up by Afreximbank through the Fund for Export Development in Africa (FEDA), Arise Integrated Industrial Platform (ARISE IIP) and Equitane, in partnership with the African Continental Free Trade Agreement (AfCFTA) Secretariat.
The ATDC was established as a continental trading company mandated to streamline regional trade and transform Africa’s productive capacity.
