African Continental Free Trade Area Agreement
VP Osinbajo: Nigerian government democratising broadband connectivity
It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo, SAN, relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges. According to him, “the economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved. The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.” An impressed Prof. Osinbajo said the Buhari Admi...
Nigerian government announces additional economic zones for agric, textile
The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic. The Managing Director, Nigerian Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, who disclosed this Wednesday, further identified the new economic zones to include Funtua FTZ Katsina for textile and cotton, Lagos FTZ for medical, as well as Kwara for agriculture. Speaking while receiving the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), led by Hajiya Saratu Iya Aliyu in his office, Adesugba said the move seeks to boost the industrialisation agenda of the present admi...
Nigeria ratifies membership of AfCFTA
The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...
