The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance.The Silver Ojakol,Chief of Staff of the AfCFTA Secretariat, made the projection at the 2023 Regional Integration Issues Forum which held in Accra, Ghana.The RIIF is a sensitisation mechanism and an …
Read More »Diversification of Nigeria Economy towards Non-Oil is an existential imperative – Awolowo
The Executive Secretary, National Action Committee on the AfCFTA, Mr. Olusegun Awolowo has lent his voice to the call for Nigeria to take proactive steps to wean Nigeria economy from total dependence on oil. Mr Awolowo spoke yesterday at the Zenith Bank International Trade Seminar to discuss the ‘Nigerian Non-Oil …
Read More »I will work for Nigeria’s Integration into Africa Market- Awolowo
Executive Secretary, National Action Committee on African Continental Free Trade Area,Mr Olusegun Awolowo during his visit to His Excellency, Vice President, Senator Kashim Shettima, GCON. The Executive Secretary of the National Action Committee on African Continental Free Trade Area(AfCFTA) Mr Olusegun Awolowo has made a commitment to continue working with …
Read More »Olusegun Awolowo pays farewell visits to Osinbajo and Adebayo
The Secretary, National Action Committee on African Continental Free Trade Area (AfCFTA),Olusegun Awolowo on Friday paid farewell visits to His Excellency, Professor Yemi Osinbajo and Hon. Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo. It will be recalled that Olusegun Awolowo served two terms as Executive Director/ Chief …
Read More »AfCFTA: Africa must reduce Intra- Africa and Global Trade barrier costs – Okonjo Iweala
President of the World Trade Organisation, Dr Ngozi Okonjo Iweala, has said that for Africa to make the African Continental Free Trade Area (AfCFTA) work, we must reduce the costs on the continent, to trade with ourselves and with the global community. She stressed that the costs African exporters experience …
Read More »4 things Africa must do to make AfCFTA work – IMF Chief
If the AfCFTA is implemented, trade barriers removed, long trade barriers removed and logistics transportation improved, intra continental can grow by 53% Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that Africa must focus on reducing Trade Barriers, regional supply chains, economic diversification and focus on youth-led …
Read More »Hadiza Bala-Usman blows open rot at the Port
Despite a whooping N4.3 billion spent in rehabilitating Lagos port access roads, there is still no improvement in the state facility, making the evacuation of cargoes extremely difficult. A former managing director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, disclosed that the Federal Ministry of Works and Housing facilitated …
Read More »FG identifies soybean, cocoa as priority products to boost foreign exchange Earnings
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 …
Read More »AfCFTA: Afreximbank To Tackle High Trading Cost With $1bn Guarantee Scheme
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 …
Read More »AfCFTA: We Will Deal Decisively With Predatory Trade Practices, Adebayo Tells LCCI
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 …
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