tiwiex:


How did you arrive at this conclusion? So the giant of Africa can't compete with its mates?

Nigeria has the largest population. Logistics consumes about 40% in the cost of goods. It would make sense for many of those manufactures to set up shop in Nigeria which would have meant an increase in FDI. South Africa's economy is bigger than ours. Yet, they joined.

Your opinion counts too but pretending this agreement does not exist does us no good. Did we review it and make a counter offer? I think there was a lack of vision on our part. The FDI that should roll into west Africa will jump over us into Ghana. I think we made a bad decision. If we are already importing excessively from the western countries, why not keep it within the continent? Logistics would be way cheaper. Do you know Ethiopia manufactures all the fibre optics cable they use? What stops us from insisting we have a factory here before joining for example?

We treated Afcta like black or white and it is very wide spectrum of choices. This is why we need cerebral minds at our helm if affairs.

You are defending our absence. I am sure Abuja is regretting being out of the duscussiin right now.

Donchukz:
.

Nigeria will not regret anything here,have you taken your time to study why Nigeria refused to sign the AFCFTA. If Nigeria had signed it,is gonna be to our disadvantages ,forget the 52 countries that have signed the agreement,in the near future they will be regretting why they even joined,why some of them will withdraw their memberships,because their countries will turn to a dumping site of all manner of goods ,and I ask,where will all this goods end; for sure ,is going to be Nigeria and don't forget,every goods that will be coming into Africa,it's destination will be Nigeria,at the end of the day,all manner of goods will end here(Nigeria). If it happened,our economy will suffer for it,many companies will close down,with this in place, Nigeria will depend totally on the outside world for all our needs,you and I knows that is not healthy,they is need for us to strive in producing virtually everything that we need. We don't Nigeria to be a dumping site,instead we should be an exporter of goods to the outside world to avoid imbalance of trade,and when we export,we earned hard currencies,meaning more money in the hands of our local producers. I thank God Nigeria did not sign into it,because we lack the technical know how.

Niholla:
Why did Nigeria not sign??

erico2k2:

you gave a palm wine bar analysis of what this talk is all about.None of such reasons was behind any right thinking person when it comes to the scope of which this refusal was based on!. What Dumping ground? Economics is very simple, it would be far too much to manufacture in Nigeria right about now.The FG needs to structure our economy to give mouth-watering incentives to attract more investment local and foreign.

naijaguy123456:

52 out of the continent’s 55 countries have signed the free trade agreement with the exception of Benin, Eritrea, and Nigeria due to concerns raised by local businesses. Nigeria’s failure to sign the agreement was due to concerns raised by its manufacturing association which says the AfCFTA would have a negative impact on its members.


Nigeria will regret this big time. There is so much to gain from being a partner to this agreement.

The pact aims to boost intra-African trade by making Africa a single market of 1.2 billion people and a cumulative GDP over $3.4 trillion. The UN Economic Commission for Africa (UNECA) estimates that the implementation of the agreement could increase intra-African trade by 52% by 2022 (compared with trade levels in 2010) and double the share of intra-African trade (currently around 13% of Africa’s exports) by the start of the next decade.

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tiwiex:


How did you arrive at this conclusion? So the giant of Africa can't compete with its mates?

Nigeria has the largest population. Logistics consumes about 40% in the cost of goods. It would make sense for many of those manufactures to set up shop in Nigeria which would have meant an increase in FDI. South Africa's economy is bigger than ours. Yet, they joined.

Your opinion counts too but pretending this agreement does not exist does us no good. Did we review it and make a counter offer? I think there was a lack of vision on our part. The FDI that should roll into west Africa will jump over us into Ghana. I think we made a bad decision. If we are already importing excessively from the western countries, why not keep it within the continent? Logistics would be way cheaper. Do you know Ethiopia manufactures all the fibre optics cable they use? What stops us from insisting we have a factory here before joining for example?

We treated Afcta like black or white and it is very wide spectrum of choices. This is why we need cerebral minds at our helm if affairs.

You are defending our absence. I am sure Abuja is regretting being out of the duscussiin right now.

Ferdinandu:
I disagree. Member countries should first ensure that they take care of their local economies and Security before being integrated. In Africa there are more free crime, unemployment, insecurities to integrate than free trade
This is the the best decision Nigeria can make for now. We have enough problems with our porous unsecured border. Africa is a century away different from Europe

OkaNaUbe:



Let me ask you, Nigeria is an Ecowas member State (free movement, free trade etc), but what has Nigeria benefited from it, apart from freedom of movement In Africa, we don't have much goods and services any country can say they have comparative advantage over other countries.

Jaqenhghar:

Which freedom of movement? Is it not under the same ECOWas that you have banned importation of cars?

hisgrace090:


And we will have more than 50 countries to dump ours too.
Think of it.

erico2k2:

This is not true.

Samscoz:

how many goods do we make that can compete with others

post=78881534:
Benin, Botswana, Eritrea, Guinea-Bissau, Nigeria, and Zambia did not sign the initial agreement.

Our darling President of Nigeria, Muhammadu Buhari was particularly reluctant to join if it hurt Nigerian entrepreneurship and industry.
Our president has the good interest of our nation at Heart.
We Stand with President Buhari.

Jaqenhghar:

What is not true?. Have you or have you not banned importation of cars , and lots of other stuff some of which are from West African countries?
Have you tried export8ng products and seen hpw difficult it is? Whoch country you dey sef

Ironi:


Do you guys know what you are talking about at all??

Some of you Nigerians just like to talk big without knowing what you are yapping about ?

Nigeria economy is self sustaining ?

Nigeria virtually imports every shit .

Apart from oil that Nigeria exports , tell me what else does it export ?

You want to sign free trade with South Africa and Egypt , now tell me what sort of trade are you going to do with them??

Nigeria manufactures and produces northing to export so don’t fool yourself with this self- sustaining shit.

Nigeria imports every shit that makes it function as a country and so are all African countries. Those who are lucky to have some raw materials just export them raw without any added values, that’s all we do so stop your juvenile yeye.

selemo:
Because BLACK MAN is not meant to think. We are HEDONIST and VOODOOIST!!! . Evil race..

MobilityExpress:


Mr man Nigeria exports a lot apart from oil. We export agro commodities like Cocoa, cashew etc, we export mineral resources like limestone etc, we even export human resources which is causing brain drain. We export lots of things. I have worked in the port before, so I know. The Nigerian economy is the largest in Africa, whether you like it or not. Deal with it or cry me a river.

martineverest:
buhari refused to sign cos of china

Esseite:
Buhari did a good job not joining the parasitic trade union... we would have been a dumping ground to them.

What has any of these countries imported from our Manufacturers before to grant free trade access.

erico2k2:

Let me understand ur level of argument, what kinda trade do you reckon all these plenty talks is all about

hisgrace090:



And we will have more than 50 countries to dump ours too.

Think of it.

Ferdinandu:
The kind you have in EU countries in which UK is trying to extricate herself from

kushercain:


Could you expand please

SEGLIZ:

since the advent of multichoise، mtn, shoprite etc what has Nigeria dumped in south africa? it won't be of advantage to putting into consideration our weak system and weak policies and weak implementation like non-political will to do thing coupled with our corrupt official this will end up at our own detriment.

erico2k2:

leave them joor, I just bought a cold bottle of origin in London even akanwu potash and live snail are sold in London

erico2k2:

Nop we don't have same in Africa my friend, this was why I was asking to see if you have a clue of what you are talking about

MobilityExpress:


I even hear say ijebu garri no dey finish for London. Na white man plant cassava for Buckingham or abi na from Naija dey export am go there? There are literally thousands of thousands of people in this country that if you ask them what is your profession, they will tell you "importer and exporter" . That title no be play dem dey play, they put respekt on it. Buy Export naija grow naira

martineverest:
learn to reason fast and deep before castigating

Benin isn't signing because they have the largest port in Africa...thus they will lose revenue

Nigeria isn't signing cos they are the main target... Chinese will take advantage of this by importing Chinese products to our neighbors and slamming 'made in Cameroon/Ghana/togo' on it

erico2k2:

Trade has been exported, manpower was exported, go to the streets of SA and see how Nigerians are gradually taking over their retails, why do you think the ordinary men in the streets of SA kicked against Nigerians??
Some times we have to see beyond our nose!

Ferdinandu:
So what kind of trade agreement did they sign that gurantees free movement of goods and services and even humans across borders