By Emma Ujah, Abuja Bureau Chief The Minister of Finance, Mrs. Kemi Adeosun, has said that Africa cannot continue to be a dumping ground for sellers of all kinds of goods in the name of Free Trade Agreement.

She spoke, in Abuja, Tuesday, at an Extra-Ordinary Meeting of Directors-General of Customs of the African Union.

“You must be patriotic. You must be Africa-focused. We cannot continue to be the world’s largest market for anybody who wants to sell anything.

“Selling and buying, that is trade and we must correct some of the historical imbalances that have made our economies very vulnerable,” she charged administrators of the continent’s customs organizations.

Mrs. Adeosun charged the customs administrators to strive to strike a balance between revenue mobilization, border production, security control, regulatory functions.

According to her, the African region remains number one in terms of illicit financial flows and that governments in the region must do more to ensure strong customs organizations that would check illicit trade and trans-border crimes.

Her words, “We are number one in illicit financial flow. Money and goods flow out of our (African) countries without being taxed or assessed we are also heavily import-dependent for many of our basic goods. So we do need very strong focus on customs.

“I am to draw your attention to the fact that customs activities at the borders can make or break the economy. It is therefore a challenge to you to always employ interventions that would expedite the movement of trade goods across national borders in a simplified and predictable manner to enhance trade facilitation and promote economic growth in Africa.”

In his address, the Comptroller-General (C-G) of the Nigeria Customs Service (NCS) Col. Hameed Ali (rtd) called for a common ground among African countries as they go to the next World Trade Organization (WTO) meeting in July.

Details… soon

Read more at: http://www.vanguardngr.com/2017/05/cant-remain-dumping-ground-adeosun/

Front Page: Lalasticlala Mynd44

space for detail.

This Govt definitely has the right plans to make Nigeria great.

On point.

deji15:
This Govt definitely has the right plans to make Nigeria great.

stop deceiving yourself


this government just like the previous is all talk

ministry of agriculture is a case study


past 2 years has been an utter failure yet they shout diversification upandan




its about time we let action do the talking rather than believing the chronic liars we call politicians

For the first time this woman has made valid points. But talk is cheap though we need action

I do want to point out free trade in its self is good. Africa in general has the most restrictive trade regulations. It's the big reason why African country don't trade with eachother in high percentages. Most trade imbalances are due structural issues in the economies of these nations.

I do agree with her 100 percent on customs enforcement and making trade between borders better. Inspite of ECOWAS trade is slow. I recommend vice documentary West Africa Truckers.

mykelmeezy:





stop deceiving yourself


this government just like the previous is all talk

ministry of agriculture is a case study


past 2 years has been an utter failure yet they shout diversification upandan




its about time we let action do the talking rather than believing the chronic liars we call politicians

Sit down there and be forming arm chair critic.
While you are lamenting about forex to import rice and slow business, farmers in Kebbi state are becoming millionaires in their thousands.


From N210K investment to becoming a millionaire: Stories of thousands of Kebbi farmers – Part 2

http://tribuneonlineng.com/n210-investment-becoming-millionaire-story-thousands-kebbi-farmers-part-2/

No wonder rice is 23k per bag!

deji15:


Sit down there and be forming arm chair critic.
While you are lamenting about forex to import rice and slow business, farmers in Kebbi state are becoming millionaires in their thousands.


From N210K investment to becoming a millionaire: Stories of thousands of Kebbi farmers – Part 2

http://tribuneonlineng.com/n210-investment-becoming-millionaire-story-thousands-kebbi-farmers-part-2/

these people are not giving up on their goal. they may not have gotten it right so far but the spirit to getting it right is still alive in them. there is hope

deji15:


Sit down there and be forming arm chair critic.
While you are lamenting about forex to import rice and slow business, farmers in Kebbi state are becoming millionaires in their thousands.


From N210K investment to becoming a millionaire: Stories of thousands of Kebbi farmers – Part 2

http://tribuneonlineng.com/n210-investment-becoming-millionaire-story-thousands-kebbi-farmers-part-2/

nigga stfu


you dont know me nor what i do


so stfu okay

MakeADifference:
No wonder rice is 23k per bag!

You too can make the money, if only you will grow rice.