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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Nigeria hosts national forum on AfCFTA this week

  Nigeria, which signed the landmark African Continental Free Trade Agreement in July, is this week hosting its national AfCFTA Forum on the “Effective Implementation of the AfCFTA for Industrialization and Inclusive Economic Development”. The Forum, which runs from 5-6 December 2019 in Lagos, is being co-organized with the United Nations Economic Commission for Africa […]

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Manufacturers bet on AfCFTA to expand market reach

Nigeria manufacturers are banking on the African Continental Free Trade Area (AfCFTA) to expand their market reach and raise capacity. They told Real Sector Watch over the weekend that they are ready and are eagerly awaiting the AfCFTA to capture the African market. “Our group presence in the export trade zone, especially in the oil […]

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AfCFTA: 13 export destinations in Africa for Nigerian Manufacturers

By Franklin Alli “Nigeria is not taking advantage of the huge export market opportunities existing in the rest of Africa. Nigeria only exports few lines of products to its partners in the Africa markets. The few countries are South Africa 37%; Togo (19.6%), Cote d’Ivoire, Senegal, Cameroon, Ghana, Egypt, Benin and Niger, whose imports from […]

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MAN woos Nigerian govt on curbing smuggling under AfCFTA regime

“ IN addressing the issue of the country’s porous border which encouraged smuggling of foreign goods, there could not have been a better time to adopt technology-based border policing and surveillance to check abuse of the intra-Africa Trade protocols and trade malpractice’”   Manufacturers Association of Nigeria  (MAN) made this call today in its reaction […]

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Nigeria now close to signing African trade agreement

  The signing of the agreement establishing the African Continental Free Trade Area (AfCFTA) taking in Kigali on March 21, 2018. The agreement will come into effect on May 30, 2019 after 22 countries ratified it. PHOTO | FILE | NATION MEDIA GROUP In Summary The continental pact was launched by the AU Summit in Kigali in March 2018. By […]

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