Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, speaks at the Commonwealth Finance Ministers’ Meeting in Washington, D.C.
Nigeria has reaffirmed its commitment to deepening economic collaboration across the Commonwealth as part of a renewed global effort to unlock a projected $2 trillion trade market by 2030.
The initiative, designed to strengthen economic resilience, spur sustainable growth, and lift millions out of poverty, was one of the key outcomes of the Commonwealth Finance Ministers’ Meeting held on the sidelines of the World Bank and IMF Annual in Washington, D.C., United States.
According to a statement signed by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, Nigeria’s delegation, led by the Minister of State for Finance, Dr. Doris Uzoka-Anite pledged full support for the Commonwealth’s trade and development agenda.
Dr. Uzoka-Anite emphasized Nigeria’s readiness to collaborate with other member nations to expand trade, attract investment, and foster inclusive growth across the bloc.
“Nigeria remains committed to working with fellow Commonwealth countries to expand trade opportunities, deepen investment flows, and accelerate progress toward poverty reduction and job creation,” she said.
“With collective action and determination, the Commonwealth nations are set to achieve a brighter economic future—driving growth, prosperity, and improved livelihoods for millions across the Commonwealth.”
The Commonwealth Secretariat highlighted that trade among member states is 21 percent cheaper on average than with non-member countries due to shared legal systems, languages, and institutional frameworks that reduce transaction costs.
The Secretariat further projected that intra-Commonwealth trade could reach $2 trillion by 2030—if member nations continue to invest in trade facilitation, connectivity, and innovation.
With Nigeria’s participation, the renewed Commonwealth trade agenda is seen as a significant step toward building stronger economic ties, enhancing regional competitiveness, and positioning member nations to better withstand global economic shocks.
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