Apapa gridlock: How poor state capacity stifles competitiveness
In the last few months, or years depending on who you ask, Lagosians have been complaining about the menace of trucks parked on the roads.
‘Tariffs on exports from Nigeria, others may hit 37% as trade war deepens’
Although average tariffs on exports from Nigeria and Zambia might not go beyond 10 per cent under the trade war regime between global economic leaders, there are concerns that tariffs...
Consumer body seeks regulation of competition to protect consumers
The Consumer Protection Council (CPC) has described the absence of a competition law and regulator as one that discourages innovation, economic growth, foreign investment and consumer protection. According to the agency’s Director-General, Babatunde Irukera, unregulated markets in competition context constitute the otherwise “legitimate” vehicle for both financial and social extortion. Speaking at the United Nations…
Migration as key to boosting Africa’s economic growth, structural transformation
The United Nations Conference on Trade and Development (UNCTAD) issues the Economic Development in Africa Report (EDAR) yearly. Published by the United Nations (UN), this year theme is, Migration for Structural Transformation.
17m people left Africa in 2017, says UN report
No fewer than 17 million Africans left the continent in 2017 in search of greener pastures, a new report by the UN Conference on Trade and Development (UNCTAD) has said.
‘Improved market information key to intra-regional trade’
The African Export-Import Bank (Afreximbank) has reiterated the need for improved access to market information, as it is the only way intra-regional trade can expand the much-desired economic growth and development of the region. This has become necessary just as it emerged that most African manufacturers do not know that they could source raw materials…
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.
‘How Nigeria, others can improve forex earnings from gum arabic export’
By improving workers’ skills, increasing product differentiation and value addition, enhancing marketing and finance solutions and fostering political stability, Nigeria and other key producers of gum Arabic can improve their earnings from export and processing of the commodity. According to a new report by the United Nations Conference on Trade and Development (UNCTAD), it is…
AfCFTA: Pains, gains of a continent’s trade agreement
African leaders, on Wednesday, March 21, 2018, gathered for an extraordinary summit of the African Union (AU) in Kigali, Rwanda, to sign an agreement...