At 9.7 per cent yearly growth rate, the report sees Nigeria’s export volume peaking at $112 billion by 2030. The report reveals 13 markets that will drive much of this growth, identifies major corridors, and five trends shaping the future of global trade. The research found a significant trend towards the adoption of sustainable trade practices in response to climate concerns and a rising wave of conscious consumerism. Executive Director, Corporate Commercial and Institutional Banking, Standard Chartered Nigeria, Korede Adenowo, said: “The predicted doubling of global trade offers strong evidence that globalisation is still working, despite recent dislocation. This includes growing our range of sustainable finance solutions to help our corporate clients implement sustainable and fair-trade practices across their supply chains.”

Source: The Guardian November 25, 2021 16:44 UTC