The role of Nigeria in building sustainable development through green trade initiatives within the BRICS and AFCFTA framework

Abstract

This paper is on the role of Nigeria in building sustainable development through green trade initiatives within the BRICS and the African Continental Free Trade Area frameworks. Many developing countries are focused on sustainable development, which places significance on economic growth. One of the symbols of economic growth in any country is participation in international trade. To ensure that international trade results in positive gains for any country, it is now essential for countries to make efforts towards establishing green trade. Although some countries are participating in green trade, there are still issues hanging on implementation because they are against the principles found in traditional trade barriers. Developing countries are potential key players in green trade negotiations. The low level of participation of developing countries in green trade can be connected to their lack of capacity in contributing to green trade outcomes. The paper follows a qualitative approach and uses content analysis methods. Reports indicate that the Nigeria is in the proposed stage of the initiation of discussions; this could signal bad faith. As the greatest barrier to greener trade is the lack of trust—rejecting that policy efforts exist—more accountability is required of trade policymakers. Just seeking regional cooperation and participating when demands are made proves little information on a potential platform for national action. There are options for Nigeria. It would not be sustainable to sustain a regional economy while opposing sustainability. Nigeria should attribute African state sovereignty as long as states deliver public services from shared fiscal obligations.