- June 17, 2021
- Posted by: adminer
- Category: Free Trade, Trade and Industry
Mr Francis Anatogu, Senior Special Assistant to the President on Public Sector Matters, has listed seven pillars that would enable Nigeria to maximise gains of the African Continental Free Trade Area (AfCFTA).
The seven pillars are, having a vibrant industry cluster in every state, highly productive workforce, grow domestic demand, having a good business environment, infrastructure, secure access to AfCFTA market and establishing an efficient AfCFTA trade agreement.
Anatogu spoke at the Primetime Reporters 3rd Annual Lecture and Awards, with the theme “Assessing Nigeria’s Readiness to Maximize the Gains of AfCFTA”, in Lagos.
“The target for AfCFTA is to have a single market for free movement of goods, services and persons, progressively eliminate tariffs and non-tariffs barriers and enhance competition.
“The objectives are also to deepen economic integration of the continent, improve and expand intra-Africa trade, provide rule-based engagement, facilitate dispute resolution and addressing injurious trade practices.
“For the country to maxise the gains of AfCFTA, there is the need to implement the seven pillars,” he said..