FG reviews industrial revolution plan, to reflect AfCFTA , others

The Minister of Industry, Trade and Investment, Niyi Adebayo, on Monday said the country’s Industrial Revolution Plan was being reviewed. He said the revision was meant to ensure that the plan reflects economic realities, including the African Continental Free Trade Agreement, imminence of the fourth industrial revolution and climate change. The minister discloses this in […]

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See what Lagos is doing to become AfCFTA hub in manufacturing, technology & finance

  * 60 OEMs storm Zenith Exhibitions’ trade shows with new equipment, products   By Franklin Alli Honourable Commissioner, Sam Egube, Lagos State Ministry of Economic Planning and Budget, says that the government is aggressively preparing the city to overtake other cities in Africa to become the hub for the manufacturing, technology, and financial services […]

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AfCFTA status: Ghana celebrates first export

  Ghana – which hosts the AfCFTA’s headquarters, has emerged as the first country to export under the agreement. Techcabal.com reported that on January 4, Ghana organized an event to commemorate its first export under the agreement’s framework, setting the pace for other countries. It is one of three countries that has a suite of […]

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AfCFTA : African manufacturers gearing up for competitons in $3 trillion Continental free market

  ” Ecowas is yet to submit its liberalisation instruments and must do so before the EAC can trade with the region.”   By Industrial Digest   BEGINNING from next month – January, the 1.2 billion people African single market economy , with a combined gross domestic product of $3 trillion, is expected to take […]

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ACCI Lauds FG’s Ratification Of Africa’s Trade Pact

The Abuja Chamber of Commerce and Industry (ACCI) has applauded the Federal Executive Council’s approval of the ratification of the African Continental Free Trade Agreement (AFCTA). In a statement signed by its president, Prince Adetokunbo Kayode, ACCI described the development as commendable and a major boost to trade integration among African nations. “The AFCTA is […]

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MAN insists on negotiation mandates, others for AfCFTA implementation

  Preparatory to the implementation of the African Continental Free Trade Area (AfCFTA), in July, the Manufacturers Association of Nigeria (MAN) has insisted that key technical concerns should be addressed with a strong commitment on the government’s part to enhance competitiveness. At a workshop with sectoral leaders held in MAN House, Lagos themed, ‘Zonal AfcfTA […]

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Nosak pumps $75m into ethanol plants, readies for AfCFTA

Nosak Group has invested more than $75 million in three ethanol plants in Nigeria even as it gets ready to tap opportunities in the African Continental Free Trade Area (AfCFTA) which begins in July 2020. In an interview with BusinessDay, Osaro Omogiade, managing director of Nosak Distilleries Limited, said his group’s investments had been huge, adding that […]

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SON Approves 128 New Standards In Readiness For AfCFTA 

  The Standards Organization of Nigeria, SON, has taken proactive measures to ensure there is no blow-back, in Nigeria’s participation in the African Continent Free Trade Agreement (AfCFTA), by approving a new set of 128 Nigeria Industrial Standards. Director – General of the Standard Organisation of Nigeria, SON, Osita Aboloma said the SON Council has […]

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AfCFTA: Nigeria Warns It Won’t Allow Smuggling, Trade Malpractices

By Franklin Alli   “WE will not allow smuggling and other predatory trade practices to continue unchecked, as it undermines our economic development efforts and destroys local industries, leading to job losses.” Mr. Niyi Adebayo, Nigeria’s Minister of Industry, Trade and Investment, warned at the AfCFTA National Forum, themed: ‘Effective Implementation for Industrialisation and Inclusive […]

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