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Nairaland Forum / Nairaland / General / Politics / President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee (10788 Views)
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President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by presidency: 3:12pm On Oct 23, 2018 |
Protocols: 1. It is my pleasure to be here with you in this inauguration ceremony. Let me begin by saying that Nigeria today, is the largest economy in Africa. We are also the most populous nation blessed with vast natural resources. 2. For too long, our domestic productive capabilities were neglected in favour of imports. Nigeria was using its hard-earned oil revenues to create jobs offshore instead of developing the manufacturing potential of our very vibrant, young and dynamic population. 3. Many of our challenges today, whether relating to security, unemployment or corruption are rooted in the fact that we have not been able to domesticate the production of our most basic requirements. The recent recession, which was as a result of our over dependence on external factors, is a clear case of why Nigerians must now aspire to self-sufficiency. 4. The Economic Recovery and Growth Plan (ERGP) introduced by this administration focuses on the revival of key job creating and import substitution sectors such as agriculture, mining, manufacturing and services. 5. To ensure the ERGP is seamlessly implemented, we commenced a number of structural reforms through the Presidential Enabling Business Environment Council; the Industrial Policy and Competitiveness Advisory Council; and, the Nigerian Office for Trade Negotiations. 6. Ladies and gentlemen, the benefits of these reforms are being felt as our economic policies are creating meaningful jobs for our young population, assuring national food security and improving the competitiveness of our economy to position export trade as an engine for economic growth. 7. However, while we must look inwards for certain solutions, we have not lost sight of regional and international trends, especially on trade where global dynamics are shifting and changing at a rapid rate. 8. This means that as we plan for the long term, we must also be flexible enough to respond to short-term shocks that could upset our economic diversification and backward integration plans. 9. It is against this background that we are gathered here today on the subject of the African Continental Free Trade Area Agreement (AfCFTA) which was introduced early in the year. 10. The creation of this free trade area is a worthy and commendable idea. Clearly, the population, resources, geographical spread and other theoretical trade indicators of the continent highlight the tremendous potential that exist if we can crack the various barriers that hinder intra-African trade. 11. However, although this assertion makes easy sense in theory, the reality of doing business in Africa poses its own peculiar challenges. 12. You will all recall that some months ago, the Vice President at an event reminded Nigerians that the concept of free trade implies a fundamental assumption of the level and competitive playing field that is fair. 13. For those of you who are in business, I am sure you will all agree that Africa’s trading landscape, as it stands, is multifaceted. 14. For us in Nigeria, our vision for intra-Africa trade is for the free movement of “made in Africa goods”. This means the goods and services must have significant African content in terms of raw materials and value addition to the production and service processes. 15. Therefore, the Continental Free Trade Area must be packaged and implemented to achieve this vision. This is the only way the majority of Africans will positively benefit from it. 16. A few months ago, I directed a nationwide stakeholder engagement on the AfCFTA to understand the true impact of this agreement on Nigeria and Nigerians considering the existing domestic and regional policies as it relates to trade. 17. From these consultations, the key issues raised by stakeholders were: a. Abuse of rules of origin, b. Smuggling arising from difficulties in border controls, c. Un-quantified impacts of legacy preferential trade agreements; d. Low capacity and capabilities of local business to conduct international trade, e. Cost of finance, f. Insufficient energy; and g. Transport logistics infrastructure, to mention a few. 18. Our ERGP is addressing these issues. Nonetheless, we are determined to break away from the past practice of committing Nigeria to treaties without a definite implementation plan to actualize the expected benefits while mitigating the risks. 19. We cannot go back to the days of signing agreements without understanding and planning for the consequences of such actions. And our country being the worse off. 20. Your task as members of the AfCFTA Impact and Readiness Assessment Committee is to address the issues raised during the nationwide stakeholder consultations on the AfCFTA. 21. You are expected to develop short, medium and long-term measures that will address any challenges arising therefrom. 22. I look forward to receiving from you in 12 weeks, a clear roadmap for Nigeria as it relates to the AfCFTA. 23. I wish you fruitful deliberations and I am happy to inaugurate this Committee. I thank you and may God bless our country. 6 Likes 1 Share |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by jovie50: 3:16pm On Oct 23, 2018 |
Lifeless one! We must all Atikulate in 2019... FTC.. Please click like for no particular reason.. 26 Likes 2 Shares
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by EdoBozz(m): 3:16pm On Oct 23, 2018 |
Ok |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by BuyACar(f): 3:16pm On Oct 23, 2018 |
![]() 8 Likes 1 Share
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Sholaco: 3:16pm On Oct 23, 2018 |
God bless buhari...a true leader..... 15 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Nobody: 3:16pm On Oct 23, 2018 |
![]() May God bless Nigeria with good leaders. 5 Likes 2 Shares
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by 3millionia: 3:16pm On Oct 23, 2018 |
Buhari scripted 24/7 1 Like |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Cmiller(m): 3:17pm On Oct 23, 2018 |
6. Ladies and gentlemen, the benefits of these reforms are being felt as our economic policies are creating meaningful jobs for our young population, assuring national food security and improving the competitiveness of our economy to position export trade as an engine for economic growth. The lai keep imcreasing 2 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by mabaz(m): 3:17pm On Oct 23, 2018 |
Together we are stronger 9 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by teebaxy(m): 3:17pm On Oct 23, 2018 |
Video or I don’t blv it and again put. Speech written by Garba Shehu, editted by Femi Adshina and publish by Alhaji Lie Muhammad read by Muhammadu Buhari Aka the lifeless animal 2 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by jovie50: 3:17pm On Oct 23, 2018 |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by princetom1(m): 3:18pm On Oct 23, 2018 |
Am sure he does not understand anything out of what he was reading... 3 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by MrsNwaAmaikpe(f): 3:18pm On Oct 23, 2018 |
![]() ![]() Prepared note ...prepared speech... packaged deaf and dumb gay cattle rearer from Duara...... You are going back to Duara in few months time 6 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by dazzlingd(m): 3:18pm On Oct 23, 2018 |
But let's be honest, voting buhari because of osinbajo may not be making sense as Yoruba, how has osinabjo benefited me? Well my vote is for sale.. 4 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Butterflyleo: 3:18pm On Oct 23, 2018 |
A focused mind and a focused leader. He remains unruffled and resolute to get Nigeria to the place she must be as a great nation. God bless my able President. God bless Nigeria 3 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by chibike69: 3:19pm On Oct 23, 2018 |
![]() THE LIFELESS ONE 3 Likes |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by gen2briz(m): 3:20pm On Oct 23, 2018 |
Come and attend to NASS ooo. They said they need adequate funds ooo |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Nobody: 3:20pm On Oct 23, 2018 |
Na der Kanu follow escape o |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Butterflyleo: 3:21pm On Oct 23, 2018 |
OkaNaUbe: Old school. This is the new school 1 Like
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Alzirida(f): 3:21pm On Oct 23, 2018 |
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by tegrianonigltd(m): 3:22pm On Oct 23, 2018 |
Sholaco: Modi of India, Putin of Russia, Trump of America, that Rwanda president etc , those are true leaders, who identified the problems and solved not fighting your enemies, when you have to many enemies you fail... |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Lilimax(f): 3:23pm On Oct 23, 2018 |
Igba!!!! ![]() ![]() |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Sirpaul(m): 3:24pm On Oct 23, 2018 |
bubu 2 Likes
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Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by kingsfire: 3:25pm On Oct 23, 2018 |
Buhari your time is up, you and your speech writer will have nothing to say come nexy year. Leave this Great Nation for people who have the interest of the citizens at heart. Buhari the people you're ruling have bled enough, respect humanity and end this administration. Yours faithfully, The king in the North, Sabon gari kano. 1 Like |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by Gkemz: 3:25pm On Oct 23, 2018 |
Written speech. Point of correction to Buhari... We are still deep in the recession. We all know that the speech was written by Lia Mohammed who's known for lies and deceit. mabaz: You and who? And you think the Fulani Muslims regard everybody as equal. |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by LANDLORD72: 3:26pm On Oct 23, 2018 |
Lai baba our youths again who are lazy now making economy strong. |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by GentleMoney: 3:27pm On Oct 23, 2018 |
God Bless Nigeria!!! Amen!!! |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by michoim(m): 3:29pm On Oct 23, 2018 |
Great speech from a great president |
Re: President Muhammadu Buhari’s Speech At The Inauguration Of The AFCFTA Committee by ShameOnAPC: 3:29pm On Oct 23, 2018 |
Only God knows the numbers of time that lifeless thing has read that memo in his office before reading it at that inauguration . Number 1 & 2 points. A useless thing that didn't add value to our nation. Atikulate all the way |
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