African Continental Free Trade Agreement (Afcfta) And The Region’s Economic Development: The Nigeria PerspectiveAfrican Continental Free Trade Agreement (Afcfta) • February 28th, 2021
Abstract: It is expected that the AfCFTA will help unlock Africa’s long-stymied economic potential, by boosting intra-regional trade, strengthening supply chains, and strongly enhancing inter-African trade/exports especially non-extractive exports, tapping from the huge potential of a larger African market. While not disputable that Nigeria is relatively hugely endowed with crude oil, it has been a running battle, the country’s inability to diversify the exportable base over the years. This casts serious doubts on how the country will benefit from the AfCFTA deal if crude oil is the only major product Nigeria has on offer for the continent. Sequel to the above, this work examined the purported benefits of African Continental Free Trade Agreement (AfCFTA) on the Nigerian economy in particular and Africa cum ECOWAS community in general. Documentary method of data collection was adopted and analyzed using content analysis. This paper observed that AfCFTA will offer Nigerian products and s
ContractAfrican Continental Free Trade Agreement (Afcfta) • September 30th, 2019
AFCFTA agreement, which was already signed by more than 20 African countries, already has come into force since May 30, 2019, serving 1.2 billion African people.
African Continental Free Trade Agreement (AfCFTA)African Continental Free Trade Agreement (Afcfta) • October 1st, 2019
A meeting was held with the Department of Trade, Industry and Competition’s Chief Negotiator on the AfCFTA, Mr Wamkele Mene. At the session, an update on the AfCFTA negotiations was provided, including on the tariff schedule. The AfCFTA was officially launched into its implementation phase after 54 African countries signed the agreement and 27 countries ratified it and is intended to come into effect on 1 July 2020. The
The African Continental Free Trade Agreement (AfCFTA)African Continental Free Trade Agreement (Afcfta) • October 29th, 2019
• Ghana has been selected to host the AfCFTA Secretariat, which will be responsible for coordinating the implementation of the agreement.
