Stats: 3,192,273 members, 7,947,314 topics. Date: Thursday, 12 September 2024 at 04:37 PM |
Nairaland Forum / Nairaland / General / Health / Afcfta: Ratification Demonstrates Nigeria’s Economic Leadership Position In Afri (114 Views)
Canada Demonstrates Commitment To The Fight Against Polio In Nigeria / Half-Unclad Therapist Demonstrates How To Make Food Digest Faster, Gets Blasted / Nigerian Doctor Demonstrates Latest Invention For Hair Transplant Surgery (2) (3) (4)
(1) (Reply)
Afcfta: Ratification Demonstrates Nigeria’s Economic Leadership Position In Afri by WinifredVII: 8:03am On Nov 13, 2020 |
The Minister of Industry, Trade and Investment announced that the FEC’s ratification of the African Continental Free Trade Area (AfCFTA) is a sign of Nigeria’s economic leadership position on the African continent. This Minister disclosed this in a statement on Wednesday after reports of the Federal Executive Council’s ratification of the agreement. Member nations were given a December 5 deadline to ratify the agreement. The Minister stated on Wednesday that Nigeria joins other African economies in the ratification, which will ensure Nigeria’s place as a trade party in the AfCFTA area and also demonstrates Nigeria’s leadership position as an economic powerhouse in Africa. “With the approval of the agreement, Nigeria joins other African nations who have already ratified the agreement to become a State Party to the agreement. “With this ratification, Nigeria is on course to participate in trading under the AfCFTA region. “This is a huge step forward for the nation, and further demonstrates to the world of Nigeria’s economic leadership position on the African continent,” he said. The Minister added that the instrument of ratification will be set by the Attorney General of the Federation for President Muhammadu Buhari’s approval and passed on to the African Union. Nairametrics reported in September that the Minister of Trade, Niyi Adebayo, said Nigeria is currently in the process of securing approval to ratify the African Continental Free Trade Area (AfCFTA) agreement. The Minister also disclosed in September that Nigeria is actively working to attract more foreign direct investments into key industries to meet the demands of the African Continental Free Trade Area (AfCFTA). |
(1) (Reply)
Nigeria: Covid-19 Has Magnified Educational Inequity In Nigeria / I Need Urgent Help Plzz / Yellow Fever: WHO Supports Government To Tackle Outbreaks In Delta And Enugu
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8 |