AfCFTA Financing Initiatives

Types of Funding and Eligibility Clause

Available sources 

There are numerous available sources for financing initiatives in the context of trade facilitation. Here are 
some notable organizations and resources that offer such support for the African Continental Free Trade 
Area (AfCFTA):
 
Eligibility/Selection Criteria
1. AFREXIM: The African Export-Import Bank provides various financial instruments, including trade finance, guarantees, and loans, to support intra-African trade and export development.
 
2. NEXIM: The Nigerian Export-Import Bank offers financial assistance, such as loans, guarantees, and advisory services, to promote non-oil exports and stimulate export-oriented projects.
 
3. CBN: The Central Bank of Nigeria plays a significant role in trade facilitation by providing initiatives such as grants, loans, and incentives to boost non-oil exports and support exporters.
 
4. AFDB: The African Development Bank Group provides financial solutions, including trade finance and guarantees, to enhance trade competitiveness and facilitate cross-border transactions.
 
5. Commercial Banks: Various commercial banks offer trade finance services, including letters of credit, export financing, and working capital solutions, to facilitate international trade.
 
6. Deposit Money Banks (DMBs): DMBs in Nigeria also contribute to trade facilitation by providing financing options and trade-related services to businesses engaged in international trade.
 
7. BOI: The Bank of Industry offers financial support in the form of loans, guarantees, and equity financing to enhance the export capacity of businesses.
 
8. ITC: The International Trade Centre provides trade-related capacity-building programs, advisory services, and technical assistance to enhance the export capabilities of businesses.
 
These sources offer a range of financial tools, capacity-building programs, and support services to facilitate trade and help businesses thrive in the global marketplace.

Fully Funded Training

The following are fully funded training accessible as facilitations to best improve the trading experience. 

Central Bank of Nigeria (CBN) Entrepreneurship Development Centers (EDCs):
The Central Bank of Nigeria has established Entrepreneurship Development Centres (EDCs) in six regions aimed at building capacity for wealth creation, employment generation, and complementing government efforts. These centers target unemployed graduates from universities, polytechnics, colleges of education, and secondary schools. Below, you can find information about the top EDCs and their respective websites.

Capacity Building Programs

NEPC Export Support Programmes

Nigeria-Africa Trade and Investment Promotion Programme (NATIPP)

Learning Management System (Export Training Programs ETPs)