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West Africa Must Trade Its Way To Prosperity By Otega Ogra - Politics - Nairaland

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West Africa Must Trade Its Way To Prosperity By Otega Ogra by aminulive(op): 3:44pm On Jul 02, 2025
For all the ambition that has long swirled around regional integration in West Africa, the reality has remained underwhelming. Trade among ECOWAS member states still lags just below 10%. In an era where continents compete not just on GDP but on supply chains, self-reliance, and economic coherence, that figure is a quiet indictment. At the West Africa Economic Summit (WAES) 2025 in Abuja, we saw a region no longer content with aspiration alone. President Bola Ahmed Tinubu, both host and the then ECOWAS Chairman, set the tone from the outset. “Intra-regional trade remains under 10 per cent... a challenge we can no longer afford to ignore. The global economy will not wait for West Africa... neither should we.” This was not another echo chamber of intentions. It was a summit where delivery was non-negotiable. Nigeria laid its cards on the table through a $15 billion investment pipeline focused squarely on trade-enabling infrastructure from roads, power, and industrial corridors, to digital frameworks.

The Lagos–Abidjan highway project gained renewed momentum. A dedicated deal room facilitated over $400 million in advanced transactions. And the Pan-African Payment and Settlement System (PAPSS) is finally moving from pilot to real-world scale.

Perhaps most crucially, the summit underscored that integration cannot happen without identity. As Abisoye Coker-Odusote, CEO of Nigeria’s National Identity Management Commission, said, “Our markets are bustling, our people are trading, but our systems are not speaking to each other.” Her call for cross-border digital identity recognition wasn’t just technical policy. It was a demand to unlock the informal economy that sustains millions.

WTO Director-General Ngozi Okonjo-Iweala echoed the urgency, noting that the region could unlock a $500 billion trade potential. But trade is not just about volume. It is about velocity. How quickly goods, services, payments, and people can move without friction. And that requires more than declarations. It requires the deliberate dismantling of invisible walls between neighbours. WAES 2025 did more than identify the problem. It mapped the solution. Customs harmonisation. Coordinated investment in infrastructure. Youth-focused supply chain finance. A digital ecosystem that finally connects the dots between markets.

President Tinubu’s closing challenge captured the moment succinctly. “Let us move from declarations to concrete deals... build a West Africa that is investable, competitive, and resilient,” President Bola Tinubu said. If the region rises to meet this challenge, WAES 2025 will not merely be remembered as a conference. It will be remembered as the turning point where West Africa stopped trading with hesitation and started trading with purpose.
https://politicsnigeria.com/west-africa-must-trade-its-way-to-prosperity-by-otega-ogra/

Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by Osiris12: 4:02pm On Jul 02, 2025
Bad governance hindering prosperity in Nigeria .

Nigeria must shine before west Africa can become prosperous
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by frankblinkz(m): 4:05pm On Jul 02, 2025
Let's start by investing in our own produce.

We sometimes produce some quality items,but tagged them made in other countries.

I'm proudly Nigeria
Proud designer from Aba.
We are the china of Africa
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by Apcshit: 4:07pm On Jul 02, 2025
I can't read long epistles like this.it is boring and annoying
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by NairaLikes: 4:12pm On Jul 02, 2025
There are 16 countries in West Africa yet these countries can't collaborate, trade together and grow together. Some thing is inherently wrong somewhere.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by shegzhkn: 4:16pm On Jul 02, 2025
Lol. Africa to trade it way to prosperity, how??

The global order is almost fixed so that is definitely not gonna happen.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by CodeTemplarr: 4:40pm On Jul 02, 2025
Five comments after how many hours on FP?

Nigerians are wising up.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by triple996(m): 5:07pm On Jul 02, 2025
CodeTemplarr:
Five comments after how many hours on FP?

Nigerians are wising up.
That shows you the level of our intellect here in Nigeria. If the news was about wizkid, beyonce, big brother naija or any ethno-religeous bashing the page would have been around page "58" by now
cry cry so sad, that's why we are currently stagnant and probably moving backwards
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by CodeTemplarr: 5:11pm On Jul 02, 2025
triple996:
That shows you the level of our intellect here in Nigeria. If the news was about wizkid, beyonce, big brother naija or any ethno-religeous bashing the page would have been around page "58" by now
cry cry so sad, that's why we are currently stagnant and probably moving backwards
nothing intellectual about that stale propaganda.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by musicwriter(m): 5:16pm On Jul 02, 2025
There's no road from Nigeria to the neighboring country of Benin Republic. So, there can't be any significant trade between the two countries for now. Only maybe by air cargo or boats but it would amount to little.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by triple996(m): 5:29pm On Jul 02, 2025
CodeTemplarr:
nothing intellectual about that stale propaganda.
Am talking from a general perspective, not necessarily this topic. Whether u believe it or see it as a propaganda is totally left to you, but the fact that all important topics on nairaland are ignored for senseless talks like BBnaija or 2face vs what so ever says alot. Some front page post are recycled waste from twitter bcus that's what get the traffic
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by akigbemaru: 5:46pm On Jul 02, 2025
frankblinkz:
We sometimes produce some quality items,but tagged them made in other countries.
You are doing what you destined for, just like Chinese, they copy and counterfeit everything from Italy and even put made in Italy on it. I think it is a misnomer to call the Igbos black Jews, instead of Black Chinese. Because the Flat-Head syndrome is more endemic only among Igbos and Chinese folks.
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by samfrancis1(m): 5:56pm On Jul 02, 2025
frankblinkz:
Let's start by investing in our own produce.

We sometimes produce some quality items,but tagged them made in other countries.

I'm proudly Nigeria
Proud designer from Aba.
We are the china of Africa
you don’t even sound patriotic yourself.. how did china come to be with Aba. Aba is Aba in Nigeria.. what is China of Nigeria.. double mouth… you’re saying what you preach against..
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by Sirianese:
Re: West Africa Must Trade Its Way To Prosperity By Otega Ogra by Chetas81(m): 6:26pm On Jul 02, 2025
Kindly wait for the prosperity through miracle, awon oloshi oluya citizens
1 Reply

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