https://en.sputniknews.africa/20250123/african-economies-to-reach-29-trillion-by-2050-nigerian-vice-president-says-1070319112.html
African Economies to Reach $29 Trillion by 2050, Nigerian Vice President Says
African Economies to Reach $29 Trillion by 2050, Nigerian Vice President Says
Sputnik Africa
The African Continental Free Trade Area, the world's largest free-trade zone, commenced trading on January 1, 2021, creating a market of 1.2 billion people and... 23.01.2025, Sputnik Africa
2025-01-23T09:38+0100
2025-01-23T09:38+0100
2025-01-23T11:50+0100
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Realizing the potential of the African Continental Free Trade Area could bring the continent's combined economy to $29 trillion by 2050, Nigerian Vice President Kashim Shettima said while speaking at the World Economic Forum in Davos, Switzerland.Shettima emphasized that the African Continental Free Trade Area embodies Africa's shared destiny and its potential to lead in the post-industrial knowledge age, despite earlier missed opportunities in agriculture and industry.He noted Africa's rapid digitalization, citing 220 million telecom subscribers and 163 million internet users in Nigeria alone, which he believed "provides us with immense opportunities to empower our people."
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nigeria, africa, switzerland, world economic forum (wef), west africa, economy, finance, digital technology , population, population growth, trade, african continental free trade area (afcfta), free trade, agriculture, industry, industrialization, development
African Economies to Reach $29 Trillion by 2050, Nigerian Vice President Says
09:38 23.01.2025 (Updated: 11:50 23.01.2025) Ekaterina Shilova
Writer / Editor
The African Continental Free Trade Area, the world's largest free-trade zone, commenced trading on January 1, 2021, creating a market of 1.2 billion people and establishing the eighth largest economic bloc with a $3 trillion combined GDP, projected to more than double by 2050.