Tag Archives: AfCFTA

As Nigeria continues on the journey of implementing the Africa Continental Free Trade Agreement, the National Action Committee on the AfCFTA has listed Soybean, Cocoa as the two priority products for export under the trade. The Committee in its Newsletter published in Abuja, noted that trading is a path that …

Ebuka Daniel The African Export-Import Bank has signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement. The Bank is now set to begin the implementation of its $1bn Continental Transit Guarantee Scheme, of which about $200m is earmarked for …

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo said the government has put measures place to protect manufacturing and service sectors of Nigeria against threat and trade manipulations that may stem from the African Continental Free Trade (AfCFTA) Agreement. According to Adebayo, who is the Chairman of …

Governor Abdullahi Sule of Nasarawa State said plans have been concluded to establish a commodity marketing board as part of his administration’s moves to explore the African Continental Free Trade Area (AfCFTA) Agreement for increasing Internally Generated Revenue (IGR) and job creation for the teaming youth population. Governor Sule made …

In his bid to explore opportunities in the African Continental Free Trade Area (AfCFTA) Agreement to boost internally generated revenue, Governor Bala Mohammed of Bauchi State said the state will set up an agency on the AfCFTA. The Governor made the disclosure on Thursday while playing host to the delegates …

The Executive Governor of Kaduna State, Malam Nasir El-Rufai said if the Federal Government provides the necessary incentives and environment to the private sector to compete in the African Continental Free Trade Area (AfCFTA) Agreement, Nigerians’ entrepreneurial spirit will conquer the continent. He said Nigeria is a huge market that …

The Nigeria Customs Service on Tuesday said it was waiting for the National Action Committee (NAC) on the list of duties and charges waived for liberalized goods under the African Continental Free Trade Area (AfCFTA) Agreement. A statement from the Serice said: “Sequel to the ratification of AfCFTA by member …

Dr. Akinwumi Adesina, President of the African Development Bank have been honoured for his leadership in successful implementation of the African Continental Free Trade Area(AfCFTA). African Development Bank in a statement, said Adesina received award for strong leadership and support alongside 10 African heads of state and government. The AfCFTA, …

African leaders have expressed hope for economic prosperity under the African Continental Free Trade Area (AfCFTA) as trades started among 34 member countries which had ratified the agreement. The single African market was declared operationalised on Januray 1, 2021 following the approval by the African Union at a virtual meeting. …

The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has advised Nigerian banks and other financial institutions to explore Africa’s market expansion enabled by the AfCFTA to capture trade flows and investment through superior customer value proposition. Stressing the potentials of Nigeria’s market, Ahmed said: “With more …