Publications

Publications and Research

A radical approach to improve youth engagement with the AfCFTA

The Policy Brief: Disrupting the Status Quo by the Africa Future Economic Leaders (AFEL) addresses the urgent need for enhanced youth engagement in the African Continental Free Trade Area (AfCFTA).

This document outlines the successful implementation of the AFEL Economic Impact Challenge, which has involved over 100 students from 15 Nigerian universities, promoting economic literacy and grassroots advocacy.

Highlighting key issues related to limited youth awareness and participation in AfCFTA processes, the brief offers actionable recommendations for expanding initiatives across all African Union Member States.

It emphasizes gender parity and the importance of practical economic education, aiming to empower a new generation of informed economic leaders capable of shaping Africa's economic future.

Impact Report of the AFEL Economic Impact Challenge across 15 Universities

The AFEL Economic Impact Report provides a comprehensive overview of the first and second cohorts of the Economic Impact Challenge, conducted across 15 Nigerian universities.

This report highlights the achievements of over 100 students who participated in this innovative initiative, which aims to empower youth in Africa by fostering economic literacy and grassroots advocacy.

Key findings from the report reveal significant engagement levels, with a focus on gender parity—featuring 56 female and 55 male participants.

The report outlines the structure of the challenge, participant successes, and insights gained, emphasizing the importance of practical economic education in addressing the challenges identified in the AfCFTA Youth Inclusion Study.

Project Report - University of Ilorin's Participation in the AFEL Economic Impact Challenge

Since the era of the oil boom, Nigeria has earned a significant amount of its foreign revenue from oil exportation with 82.5% Q3 2023 according to recent data from the National Bureau of Statistics(NBS). The reliance on this oil has caused fluctuations in foreign income leading to fluctuations in government revenue and unbalanced development of the economy hence the need to diversify the economy for better economic conditions. The AFCFTA agreement is an agreement signed in 2018 with intended commencement in 2021 to liberalize the market and eliminate Tariff and nontariff barriers to create a single large market that facilitates easy movement of persons, businesses, and investments. This has been seen as an opportunity for Small and medium enterprises (SMEs) which account for about 96% of business in the Nigerian economy.

Project Report - University of Ibadan's Participation in the AFEL Economic Impact Challenge

The African continent is a vast and diverse region with immense economic potential. A thriving intraregional trade among African countries can position the continent as a formidable player in the global economy. The recent progress with the establishment of AfCFTA as endorsed by 54 African countries in July 2019 is a reassurance given its potential to reduce the presence of barriers to trade on the continent. As at August 2023, 47 of the 54 signatories (87%) have deposited their instruments of AfCFTA ratification. Specifically, some objectives of AfCFTA include establishment of a unified continental market for goods and services, the eradication of trade tariffs, enhancement of efficiency, and the bolstering of socio-economic development (Tralac, 2023). The AfCFTA policy is expected to be the largest free trade area since the formation of the World Trade Organization in 1995, given Africa’s current population of over 1.2 billion people, which is expected to grow to 2.5 billion by 2050.

Project Report - Babcock University’s Participation in the AFEL Economic Impact Challenge

The purpose of this research paper is to identify the economic problems or policies affecting the growth and expansion of the business, “Joseph Joyce”, showcase how the AfCFTA agreement can create a conducive environment for the growth and prosperity of the business, and discuss how it can improve the processes and earnings of the of the business, while promoting gender equality, empowering women, and providing opportunities for youth entrepreneurs. We aim to create awareness about the importance of the AfCFTA agreement in promoting the growth and prosperity of Small and Medium sized enterprises (SMEs), and how this agreement also contributes to the empowerment of women and youth in the society.

Agenda 2063 Framework Document

A shared strategic framework for inclusive growth and sustainable Development & a global strategy to optimize the use of Africa’s Resources for the benefit of all Africans”

Publications and Research

A radical approach to improve youth engagement with the AfCFTA

Impact Report of the AFEL Economic Impact Challenge across 15 Universities

Project Report - University of Ilorin's Participation in the AFEL Economic Impact Challenge

Project Report - University of Ibadan's Participation in the AFEL Economic Impact Challenge

Project Report - Babcock University’s Participation in the AFEL Economic Impact Challenge

Agenda 2063 Framework Document

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