Flingpord

  Promoters of the African Continental Free Trade have said that the agreement has the potential to grow trade value in Nigeria to the tune of $12bn between 2023 and 2027. In a manual tagged, ‘Strategy Implementation Framework’ made available to journalists on Wednesday during the Nigeria AfCFTA implementation strategy validation held in Lagos, said that the agreement could also reduce trade cost by 20 per cent by facilitating the enactment of an omnibus bill on the AfCFTA. The manual also said that the agreement would execute trade facilitation and infrastructure programmes to improve competitiveness. “AfCFTA will grow trade value to $12bn, reduce trade cost by 20 per cent by facilitating enactment of an omnibus bill on AfCFTA.  It will execute trade facilitations and infrastructure programmes to improve competitiveness. It will also grow productive capacity and export of arrowhead products and services.” The manual also described plans to grow productive capacity of Nig...