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Home Economy Finance

NETC: Trade Ministry, NCX to Set Up Nigeria’s First Export Trading Company

by Destiny Eseaga
June 23, 2025
in Finance
0
Jumoke Oduwole | Africa Internet Economy | National Export Trading
Dr. Jumoke Oduwole, Nigeria’s minister of Industry

Dr. Jumoke Oduwole, Nigeria’s minister of Industry

UBA
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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).

According to industry watchers, the move will restructure Nigeria’s trade infrastructure and unlock export potential.

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.

The continental trading firm will provide market intelligence, logistics, finance and aggregation services to support micro, small, and medium-sized enterprises (MSMEs), smallholder farmers, informal cross-border traders and even larger corporates to participate in international trade under the AfCFTA and globally.

Announced in the presence of President Bola Ahmed Tinubu at the inaugural West African Economic Summit Deal Room in Abuja, weekend, the national export trading company initiative represents a bold shift in enabling Nigerian MSMEs to participate more competitively in regional and global trade through access to modern infrastructure, working capital solutions, and structured market linkages.

The NETC will be developed and operated through ATDC Nigeria, a new joint platform that merges NCX’s institutional role in commodity markets with ATDC’s trade execution and logistics capacity.

The company will directly address long-standing gaps across Nigeria’s export ecosystem – particularly in warehousing, quality control, transport, market access, and financing for smallholder producers and agro-industrial SMEs.

It will play a critical role in reducing post-harvest losses through modern aggregation and storage; structuring commodity exports with traceability and quality control.

It will also provide market intelligence and market access to certified regional and global buyers; facilitate innovative trade finance for SMEs; and revitalise NCX as a hub for structured commodity trade.

The national export trading company initiative is a flagship achievement under the leadership of Dr. Jumoke Oduwole, the minister of Industry, Trade and Investment, reflecting her commitment to bold, market-aligned reforms that bridge Nigeria’s production potential with real, inclusive trade outcomes.

Under her direction, the ministry has driven strategic reforms for investment facilitation, AfCFTA readiness, and trade logistics – all converging in the transformational platform.

Commenting on the emerging NETC, Oduwole stated:

“This is about changing the everyday reality for Nigerian producers – from losses to livelihoods, from being left behind to being export-ready.

“We are creating a system that works for people, for markets, and for the future.”

ATDC reflects Afreximbank’s broader continental strategy to develop country-level platforms that enable intra-African trade, crowd in private capital, and improve the soft and hard infrastructure behind exports.

With similar platforms being deployed across the continent, Nigeria’s Trading Company will stand out for its scale, its institutional depth, and its direct alignment with national food security, industrialisation, and trade goals.

“ATDC Nigeria will not just be an ordinary company – it will be a trade enabler. We are building a trade ecosystem that will provide market intelligence to enable producers to manufacture the products that are required by the market.

“The National ATDC will strengthen institutions like NCX, and help actualize the vision of the Honourable Minister and the Nigerian Government,” said Abdoul Aziz Ba, chief executive officer, ATDC.

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Tags: AfCFTAATDCJumoke OduwoleMSMEs
Destiny Eseaga

Destiny Eseaga

My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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