• About
  • Privacy Policy
  • Contact
Wednesday, May 14, 2025
No Result
View All Result
NEWSLETTER
Diplomatic Info
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
No Result
View All Result
Diplomatic Info
No Result
View All Result
Home Africa

Issues as the African Continental Free Trade Agreement kicks off

by diplomaticinfo
January 19, 2021
in Africa, Business
71
Issues as the African Continental Free Trade Agreement kicks off
0
SHARES
21
VIEWS
Facebook ShareShare on WhatsAppTweet it!

The African Continental Free Trade Agreement (AfCFTA) kicked off on Jan.1, 2021.

Nigeria is a signatory, as President Muhammadu Buhari signed the agreement on Sunday, July 7, 2019 at the opening of the 12th Extra Ordinary Session of the Assembly of African Union Heads of State and Government, held in Niamey, Niger Republic.

The main objectives of AfCFTA include: To create a continental market for goods and services with free movement of people and capital, as well as pave the way for creating a Customs Union.

It is also expected to grow intra-African trade through better harmonisation and coordination of trade liberalisation across the continent.

However, many stakeholders doubted the smooth take-off of the AfCFTA. They hinged their worries on the fact that many member countries of the AfCFTA, including Nigeria, lacked adequate border facilities. So far, of the 55 AU member states, only Eritrea was yet to sign

They say that porous borders will promote smuggling, trade war and other disputes.

In spite inauguration of AfCFTA at the 12th Extraordinary Session of the Assembly of the African Union in Niamey, on July 7, 2019 and its current operational phase, those who spoke doubted reality of such goals, while others commended it, considering the operational instruments

The AfCFTA operational instruments are: Rules of Origin; The Online Negotiating Forum; The Monitoring and Elimination of Non-tariff barriers; Digital Payments System and the African Trade Observatory.

Some said that although Nigeria signed the agreement establishing AfCFTA and  President Muhammadu Buhari’s had constituted a National Action Committee (NAC) to implement the trade, lack of adequate customs procedures and infrastructure to facilitate tariff-free trade, fast and efficient transit of goods, still posed concerns.

Other, however, expressed confidence in the Federal Government’s ability to implement the landmark trade agreement, while commending it for reopening four land borders, namely: Seme, South-West, Ilela, North-West, Maigatari borders in the North-West and North-Central, and Mfum in the South-South.

Prof. Jonah Onuoha, Head of Political Science Department, University of Nigeria Nsukka (UNN), who spoke on the issue, said that in spite commencement of AfCFTA trading, strategic measures should be put in place to check immigrants against widespread of COVID-19 pandemic.

Onuoha, a professor of political science noted that carriers of COVID-19 could cross borders into Nigeria, hence the need for adequate security and medical measures, to ensure immigrants coming into the country are medically fit.

Onuoha said: “Earlier closure of the land borders had positive and negative effects; on positive note, closure of the borders helped to contain smuggling of goods into Nigeria.

“It reduced political violence, burgling and also enabled local farmers to sell goods and services; on the negative side; it cut out Nigeria from international community, restricted movements and violated ECOWAS protocol.

“Government must note that reopening borders, amid AfCFTA increases level of smuggling of goods and services, undermines local farmers’ productivity, and endangers security and therefore calls for measures, before borders are properly opened.

“Strengthening inter-border relations or trade cooperation is one thing, but the security of Nigerians is another thing, because it can increase the volume of COVID-19 infection and also movement of terrorists across the country.”

On the other hand, Amb. Ganiyu Lawal, President of the Association of Retired Career Ambassadors of Nigeria (ARCAN), lauded government for reopening its land borders.

He said that such gesture proved that government places priority on the welfare and security of Nigerians, adding that a lot could be achieved economically through opening of the land borders.

“Reopening of the borders is a commendable effort that shows that the government is listening, monitoring, and taking into consideration, the welfare and security of Nigerians.

”Without getting good grasps of readiness for AfCFTA and emergency operational response to whatever outcome to start trading, Nigeria will not have opened the border, we commend the government,” Lawal said.

On resolving `trade wars,’ Mr Chukwuemeka Nnaji, President of Nigerian Union of Traders Association in Ghana (NUTAG), said that AfCFTA implementation would reduce harassment of Nigerians by Ghanaian traders.

According to him, Nigerian traders will benefit, because Nigeria is the major source of imports from Ghana and other neighbouring countries.

Nnaji said: “The AfCFTA implementation is a welcome idea, because it is going to help us grow our businesses.

“We really suffered during lockdown, some of our members lost big sums of money and other valuables, the start of the Agreement will help to an extent in stopping Ghanaian traders from harassing us

“In 2019, they harped on closure of borders by Nigerian government as reason for harassment, since the borders are now opened; they cannot do that because Ghana and Nigeria trade wars did not originate from border closure.”

On implementation of the Agreement, Mr Francis Anatogu, Secretary, National Action Committee (NAC), said that series of strategy workshops were held for stakeholders in the agriculture, transport, oil and gas and other key sectors of the economy.

Anatogu, a Senior Special Assistant to the President on Public Sector, said that with commencement of AfCFTA, clamour for diversification of our economy would be a thing of the past.

“As a committee, we are now working towards ways Nigeria can properly utilise business doors being offered by AfCFTA.”

“It provides us that opportunity that we always yearn for; to diversify our export base because the opportunity is there in Africa and the Africa market is huge.

“Africa imports most of its manufactured products from the rest of the world, so AfCFTA provides opportunity to industrialise; it provides opportunity for us to diversify our economy,” he said.

African leaders knew that AfCFTA has potential to boost socio-economic relationships across the continent in spite challenges associated with free trade and porous land borders.

Stakeholders should cooperate and collaborate to address the challenges in order to reap the gains envisaged in the African Continental Free Trade Agreement. (NAN)

diplomaticinfo

diplomaticinfo

Next Post
Buhari hosts Beninese President, Patrice Talon, at Aso Villa

Buhari hosts Beninese President, Patrice Talon, at Aso Villa

Comments 71

  1. SDiozxsTor says:
    2 weeks ago

    аккаунт для рекламы услуги по продаже аккаунтов

    Reply
  2. ZazacTor says:
    2 weeks ago

    маркетплейс аккаунтов магазин аккаунтов

    Reply
  3. OlasxTor says:
    2 weeks ago

    купить аккаунт услуги по продаже аккаунтов

    Reply
  4. SDiozxsTor says:
    2 weeks ago

    продажа аккаунтов соцсетей маркетплейс аккаунтов

    Reply
  5. ZazacTor says:
    2 weeks ago

    маркетплейс аккаунтов соцсетей магазин аккаунтов социальных сетей

    Reply
  6. JosephTor says:
    2 weeks ago

    магазин аккаунтов маркетплейс аккаунтов соцсетей

    Reply
  7. RobertLam says:
    2 weeks ago

    биржа аккаунтов безопасная сделка аккаунтов

    Reply
  8. DrosTor says:
    2 weeks ago

    маркетплейс для реселлеров купить аккаунт с прокачкой

    Reply
  9. OliveTor says:
    2 weeks ago

    маркетплейс аккаунтов соцсетей заработок на аккаунтах

    Reply
  10. PeterNicle says:
    2 weeks ago

    покупка аккаунтов маркетплейс для реселлеров

    Reply
  11. Richardutefs says:
    2 weeks ago

    платформа для покупки аккаунтов https://magazin-akkauntov-online.ru/

    Reply
  12. JamesAtmok says:
    2 weeks ago

    профиль с подписчиками маркетплейс для реселлеров

    Reply
  13. OliveTor says:
    2 weeks ago

    площадка для продажи аккаунтов маркетплейс аккаунтов

    Reply
  14. BryantBloow says:
    2 weeks ago

    продажа аккаунтов соцсетей https://kupit-akkaunt-top.ru/

    Reply
  15. Richardutefs says:
    2 weeks ago

    платформа для покупки аккаунтов магазин аккаунтов

    Reply
  16. Davidgoard says:
    2 weeks ago

    Account Trading Buy Pre-made Account

    Reply
  17. JasonTogma says:
    2 weeks ago

    Account Market Website for Selling Accounts

    Reply
  18. MichaelFak says:
    2 weeks ago

    Account Sale Accounts market

    Reply
  19. WalterQuoli says:
    2 weeks ago

    Account Buying Platform Account Trading

    Reply
  20. JaredIrort says:
    2 weeks ago

    Account marketplace Buy and Sell Accounts

    Reply
  21. Brianepich says:
    2 weeks ago

    Account Buying Service Account Store

    Reply
  22. RonaldNib says:
    2 weeks ago

    Secure Account Purchasing Platform Accounts market

    Reply
  23. BruceCes says:
    1 week ago

    Account Market Find Accounts for Sale

    Reply
  24. Williamelecy says:
    1 week ago

    Account Trading Service Account Selling Platform

    Reply
  25. RonaldNib says:
    1 week ago

    Buy accounts Account exchange

    Reply
  26. EdmundHizox says:
    1 week ago

    account marketplace social media account marketplace

    Reply
  27. BrandonTic says:
    1 week ago

    accounts for sale https://bestaccountsstore.com

    Reply
  28. Romeodon says:
    1 week ago

    account exchange service account exchange

    Reply
  29. DonaldMub says:
    1 week ago

    guaranteed accounts buy and sell accounts

    Reply
  30. Robertgof says:
    1 week ago

    accounts market account marketplace

    Reply
  31. KeithUnmal says:
    1 week ago

    profitable account sales secure account sales

    Reply
  32. HectorGigue says:
    1 week ago

    account market account trading platform

    Reply
  33. Richardsig says:
    1 week ago

    ready-made accounts for sale database of accounts for sale

    Reply
  34. Stephensweex says:
    1 week ago

    profitable account sales gaming account marketplace

    Reply
  35. Carlosfaw says:
    1 week ago

    account catalog account store

    Reply
  36. ClydeGroon says:
    1 week ago

    account trading platform verified accounts for sale

    Reply
  37. JohnnyDUENT says:
    1 week ago

    account catalog guaranteed accounts

    Reply
  38. StevenOrisp says:
    1 week ago

    guaranteed accounts account trading platform

    Reply
  39. ThomasErark says:
    1 week ago

    account marketplace account market

    Reply
  40. PhilipBam says:
    1 week ago

    account buying service sell pre-made account

    Reply
  41. RandalImist says:
    1 week ago

    account store profitable account sales

    Reply
  42. RichardSlina says:
    7 days ago

    account store sell account

    Reply
  43. ZacharyAcult says:
    7 days ago

    find accounts for sale sell account

    Reply
  44. Kevinaccor says:
    7 days ago

    account store purchase ready-made accounts

    Reply
  45. RaymondGer says:
    7 days ago

    website for buying accounts accounts marketplace

    Reply
  46. ThomasWak says:
    6 days ago

    secure account purchasing platform account selling service

    Reply
  47. NathanWem says:
    6 days ago

    account buying service account catalog

    Reply
  48. BruceNip says:
    6 days ago

    buy and sell accounts account buying platform

    Reply
  49. Danielfeent says:
    6 days ago

    secure account sales verified accounts for sale

    Reply
  50. ThomasSmibE says:
    6 days ago

    sell accounts sell account

    Reply
  51. Geraldalutt says:
    6 days ago

    account selling platform account store

    Reply
  52. accounts-offer.org_Gah says:
    5 days ago

    account sale accounts market

    Reply
  53. accounts-marketplace.xyz_Gah says:
    5 days ago

    social media account marketplace buy accounts

    Reply
  54. social-accounts-marketplaces.live_Gah says:
    4 days ago

    buy pre-made account accounts market

    Reply
  55. accounts-marketplace.live_Aneve says:
    4 days ago

    account exchange service https://accounts-marketplace.live

    Reply
  56. social-accounts-marketplace.xyz_Aneve says:
    4 days ago

    account catalog buy accounts

    Reply
  57. buy-accounts.space_Aneve says:
    4 days ago

    account marketplace account marketplace

    Reply
  58. buy-accounts-shop.pro_Aneve says:
    4 days ago

    account trading platform https://buy-accounts-shop.pro/

    Reply
  59. buy-accounts.live_Aneve says:
    4 days ago

    accounts for sale https://buy-accounts.live

    Reply
  60. accounts-marketplace.online_Aneve says:
    4 days ago

    verified accounts for sale https://accounts-marketplace.online/

    Reply
  61. social-accounts-marketplace.live_Gah says:
    4 days ago

    account selling service https://social-accounts-marketplace.live

    Reply
  62. akkaunty-na-prodazhu.pro_Aneve says:
    2 days ago

    площадка для продажи аккаунтов https://akkaunty-na-prodazhu.pro/

    Reply
  63. rynok-akkauntov.top_Aneve says:
    2 days ago

    продажа аккаунтов https://rynok-akkauntov.top

    Reply
  64. kupit-akkaunt.xyz_Aneve says:
    2 days ago

    магазин аккаунтов купить аккаунт

    Reply
  65. akkaunt-magazin.online_Aneve says:
    2 days ago

    маркетплейс аккаунтов https://akkaunt-magazin.online/

    Reply
  66. akkaunty-market.live_Aneve says:
    2 days ago

    покупка аккаунтов https://akkaunty-market.live

    Reply
  67. kupit-akkaunty-market.xyz_Aneve says:
    2 days ago

    магазин аккаунтов https://kupit-akkaunty-market.xyz/

    Reply
  68. akkaunty-optom.live_Aneve says:
    21 hours ago

    площадка для продажи аккаунтов https://akkaunty-optom.live

    Reply
  69. online-akkaunty-magazin.xyz_Aneve says:
    20 hours ago

    маркетплейс аккаунтов магазины аккаунтов

    Reply
  70. akkaunty-dlya-prodazhi.pro_Aneve says:
    18 hours ago

    магазин аккаунтов akkaunty-dlya-prodazhi.pro

    Reply
  71. kupit-akkaunt.online_Aneve says:
    10 hours ago

    биржа аккаунтов kupit-akkaunt.online

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

JUST IN: Like Judas, Guardiola sells Jesus for £45 million to Arsenal

JUST IN: Like Judas, Guardiola sells Jesus for £45 million to Arsenal

3 years ago

EFCC meets telcos, fintechs over criminals using pre-registered SIM cards for fraud

2 years ago

Popular News

  • Israeli president says situation ‘very serious’ amid judicial overhaul debate

    Israeli president says situation ‘very serious’ amid judicial overhaul debate

    0 shares
    Share 0 Tweet 0
  • Operation Puff Adder ll : Police deploy 302 operatives in Kaduna

    0 shares
    Share 0 Tweet 0
  • Buhari arrives Washington for U.S.-Africa leaders summit

    0 shares
    Share 0 Tweet 0
  • Kenyans hold candlelit vigil in solidarity with Palestine amid deuterating situation in Gaza Strip

    0 shares
    Share 0 Tweet 0
  • Angola has deployed troops in DR Congo to fight M23 rebels

    0 shares
    Share 0 Tweet 0

Connect with us on Facebook

Subscribe to Our Newsletter

Enter your email now to join our community of readers, and get new contents straight to your inbox

We promise to not spam you

Thanks for joining in.

Category

  • Africa
  • Benin
  • Burkina Faso
  • Business
  • Cote D'Ivoire
  • Cover Story
  • Diplomacy
  • ECOWAS
  • Education
  • Embassy News and Info
  • Events
  • Ghana
  • Guinea
  • Guinea Bissau
  • International
  • Liberia
  • Mali
  • News
  • Niger
  • Nigeria
  • Politics
  • Programs
  • Security
  • Senegal
  • Sierra Leone
  • The Gambia
  • Togo
  • Uncategorized

Quick Links

  • About
  • Contact
  • Privacy Policy
  • Advertise

About Us

Providing strategic insights into important social, cultural, political, and economic factors that significantly influence business and nations, Diplomatic Info will examine these critical issues and provide strategies that create competitive advantages.

© 2023 Diplomatic Info - Built with Love by Creovantage.

No Result
View All Result
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Business
  • Politics
  • Security
  • News
  • Cover Story
  • Africa
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • The Gambia
    • Cote D’Ivoire
    • Ghana
    • Cabo Verde
    • Benin
    • Burkina Faso
  • International
  • Contact

© 2023 Diplomatic Info - Built with Love by Creovantage.