Dr. Muda Yusuf, Director-General, LCCI, made this known in a press statement made available to the media following a study by the Chamber and the Center for International Private Enterprise (CIPE).
Browsing: AfCFTA
As the COVID-19 pandemic has negatively impacted crude oil prices, leading to significant decline in government revenues and foreign exchange earnings, it has become expedient now more than ever before to diversify and create new trade opportunities for Nigerians.
The Minister said this in Lagos at the opening of a stakeholders’ validation forum on the draft policy.
Ayeyemi made this assertion during an interview with the media.
Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity in-country and in Cameroon, while new plants will soon be ready for commissioning in Niger, Benin, Ghana, Cote d’Ivoire and Togo.
There’s no need to fuss. And I’m pleased that not one of the high-profile seers involved has, so far, tried to make any excuses or to defend themselves. There’s nothing to defend, really, other than to swallow the humble pie, flush it down with a warm glass of lemonade and move on.
Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of the AfCFTA will take place at a virtue event which will be graced by the African Union Chairperson and South African President, Cyril Ramaphosa, and Ghana’s President, Nana Akuffo Addo.
Leaders of trade unions of Nigeria Labour Congress such as Textile, Chemical, Electricity, Automobile, Engineering as well as Petroleum and Gas, who are affiliates of international labour platform called IndustriALL Global Union, said the size of the refinery project spoke volume of the entrepreneurial spirit of Aliko Dangote.
The World Bank said in a recent report that 60 per cent of African countries are likely to see increased agricultural employment by 2035 thanks to AfCFTA, and wages for unskilled workers are expected to grow faster in these nations. While some countries will gravitate towards other sectors in which they have competitive advantages, North African states will shift more towards manufacturing and services. Many in sub-Saharan Africa are well placed to become food production hubs, thanks in part to favourable climates.
They made the submissions at a virtual ‘Nigeria Investment Conference’ with the theme: “Nigeria Beyond Oil: Growing Regional and Global Trade Under the #AfCFTA”.
Akinwuntan in his remark at an event in Lagos, pointed out that the pan-African bank was set up primarily for the economic integration and development of Africa, stressing that the bank was ready to deploy its capacity, platform and network to achieve the AfCFTA objectives.
Rabiu said this when he received the Secretary General of the AfCFTA, Wamkele Mene, and the Acting Director, National Office of Trade Negotiations, Victor Offiong, at the BUA Headquarters in Lagos State.
Industry experts in the private and public sectors, including Dr. Herbert Wigwe, CEO, Access Bank PLC; Yewande Sadiku, Executive Secretary/CEO, Nigerian Investment Promotion Commission; and Dr. Olusegun Omisakin,
The Manufacturers Association of Nigeria has advised the Federal Government to address the gaps in economic ecosystem to benefit from the Africa Continental Free Trade Area in 2020.
Adebayo emphasised fairness in his speech at the AfCFTA National Forum, which entered its second day on Friday in Lagos.
Pantami made the call at the 3rd edition annual Stakeholders Local Content Roundtable Technology Fair on Friday in Abuja.
The National Association of Nigerian Traders has advised the National Assembly to urgently ratify the African Continental Free Trade Area agreement to ensure its speedy implementation.
The Chairman, House of Representatives Committee on Aviation, Nnolim Nnaji, says Nigeria needs a strong flag carrier to be able to play a pivotal role in the emerging African Continental Free Trade Agreement.
The president had on July 7 signed the AfCFTA agreement at the 12th Extraordinary Session of the African Union Heads of State in Niamey, Republic of Niger.
This was sequel to a unanimous adoption of a motion by Hon. Odebunmi Dokun at plenary on Tuesday.