Lawyers interrogate pros, cons of Africa continental free trade agreement
The Nigeria Bar Association Section on Business Law (NBA-SBL) has said it would examine the desirability or otherwise of the Africa Continental Free Trade Agreement...
FG consulting before signing AFCTA, says Osinbajo
Vice President Yemi Osinbajo said Nigeria did not sign the African free continental trade agreement because the federal government did not want to hurt the country's private sector. VP Osinbajo stated this on Thursday at the FT Nigeria Summit. He said the private sector was uncomfortable with the details and letters of the agreement because…
North East stakeholders forum seeks free trade zone for economic growth
A Northeast Stakeholders’ Forum has urged the Federal Government to adopt African Continental Free Trade Area (AfCFTA) in the area.According to the forum, it was necessary for the effective monitoring of economic growth and development.
Manufacturers propose tax, product exclusivity for AfCFTA ratification
Although the African Continental Free Trade Area (AfCFTA) seeks to create a wider market for trade, local manufacturers are seeking government’s intervention in limiting the number of product lines that will be liberalised, as a protectionist measure. According to the Manufacturers Association of Nigeria (MAN), certain product lines need to be protected from the liberalised…
Economists advise Nigeria to ratify AfCFTA agreement
Nigeria has been called upon to reconsider its reluctance to sign the African Continental Free Trade Area (AfCFTA) agreement, some economic analysts said in separate interviews in Addis Ababa.
Afreximbank hinges success of AfCFTA on private participation
The success of the African Continental Free Trade Area (AfCFTA) will rest significantly on the ability of the continent’s private sector to generate or create the goods that will enter the trade, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has said. Addressing Egyptian business leaders at a breakfast organized in Cairo, Dr.…
UNECA canvasses stronger African voice in global arena
The United Nations Economic Commission for Africa (UNECA) has highlighted the importance of groupings such as T20 Africa in bringing Africa’s case to the global stage, particularly to the G20.
Trade agreements: Beware of foreign ties, stakeholders tell FG
Agreements between the Federal Government and foreign partners must be entered into with utmost caution, as doing otherwise could plunge Nigeria into decades of servitude.