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FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by presidency: 11:31am On Nov 05, 2018 |
*Adds: Building an enabling business environment is a crucial plank of Buhari administration’s economic policy *“Nigeria’s domestic consultative process is a model” The Federal Government is currently pursuing a rigorous domestic and wide consultative process with all stakeholders in the public and private sector on the Agreement Establishing the African Continental Free Trade Area (AfCFTA), according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo noted that this is because it recognizes the benefits of promoting intra-African trade for development, job creation, poverty reduction and modernization. The Vice President said this yesterday during the Africa Trade Forum 2018, AfCFTA Ratification and Implementation, with the theme: “A Game Changer for African Economies,“ which held in Lagos. Noting that the AfCFTA is probably the most significant Pan African trade agreement in this generation, the Vice President stated that Nigeria, being “possibly the largest market in Africa today, is most likely to benefit the most or lose the most from the implementation of the agreement.” Prof. Osinbajo stated that in response to the nation-wide stakeholder engagement on 22nd October, President Muhammad Buhari, at a meeting with stakeholders, inaugurated and established the “Presidential Committee on Impact and Readiness Assessment on the African Continental Free Trade Area”. He added that the Presidential Committee is now at work, in full steam, and a final report will be sent up to Mr. President in 10 weeks. “I believe that most African policy-makers would accept these feedbacks from Nigeria as having wider validity, especially as having some validity with their own economy as well. “At the inauguration of the Presidential Committee on AfCFTA last week, President Buhari emphasized, while commending the AfCFTA process, as worthy and commendable, he said that the agreements we negotiate should be properly understood by those that would implement them, and be accompanied with an implementation plan. “As the President said, “the AfCFTA is worthy and commendable.” As a Government, we consider that structural reforms should address the legitimate concerns raised by stakeholders. “As Chairman of the Nigerian Economic Management Team (EMT), I am pleased to read and hear that fellow African countries consider Nigeria’s domestic consultative process with Stakeholders as an applicable model. We engaged, constructively and robustly, with stakeholders, not only on the AfCFTA, but also on Trade Policy Writ Large. “The central message was support for the AfCFTA, based on a clear definition of increasing intra-African trade. The core feedback is to prepare thoroughly and, inter alia, ensure that the preferences of the AfCFTA would neither be abused nor be enjoyed by third parties that were not part of the negotiations.” Also speaking in Lagos on Friday at the opening of the Lagos International Trade Fair, the Vice President stated the Federal Government’s unwavering commitment to policies and reform efforts geared towards enhancing diversification and structural reform of the economy, through massive investment in infrastructure and human capital. Prof. Osinbajo also stated that, “building an enabling business environment is a crucial plank of our economic policy. It is pivotal for the enhancement efficiency and fostering transparency.” “These policies have successfully enhanced productivity, increased the share of manufacturing in Nigeria’s total export earnings and a drastic reduction in susceptibilities to shocks that our economy had been frequently exposed, to on account of commodity volatility which we face constantly. Our focus on infrastructure extends to both hard and soft infrastructure, particularly trade facilitation, quality infrastructure and the Ease of Doing Business Reforms,” he said He added, “we have taken on the key infrastructure challenges that have stifled SME growth and development in the country, by seeking innovative ways to bridge the significant infrastructure gap and at the same time, creating an enabling environment in which it is easier to do business. “Since 2016, in two budget cycles, we have spent N2.7trillion in capital and mostly on infrastructure and this is the largest capital spend in our nation’s history, despite the fact that the country has earned 60% less than in the previous last 5 years. We focused on roads, power and on a new national rail network, among others. The Lagos-Kano rail which starts from the Lagos Port, is an important infrastructure for us, because once the Lagos-Ibadan end of it is completed by the end of the year, particularly because it starts from the ports, it will greatly relieve our roads from a lot of the trucks that go from point to point, out to the West of Nigeria and to the farthest part of Nigeria.” The Vice President noted that collaboration between the private and public sector is important for economic growth and development. Laolu Akande Senior Special Assistant to the President on Media and Publicity Office of the Vice President 03 November, 2018 |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Hotfreezer: 11:51am On Nov 05, 2018 |
Good one. Nigeria needs to promote its interest first and then all other interests can follow. Personally, I feel the era of playing father Christmas has ended. All the useless ingrates like SA, Ghana, Angola, Liberia, Mozambique, etc we helped in the past never stood up once for us. Just look at the nonsense South Africa and Ghana have been doing lately. Lets project Nigeria's foreign interests and any country who wants to shelter under Nigeria can align to benefit. 2 Likes |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by belamour(m): 11:52am On Nov 05, 2018 |
Eshey |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Nobody: 11:52am On Nov 05, 2018 |
Smh |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Nobody: 11:52am On Nov 05, 2018 |
Lets start with the Nigerian businesses being shut down in Ghana/South Africa... 2 Likes |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by AdonaiAluminium: 11:54am On Nov 05, 2018 |
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Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by ChrisMafian: 11:55am On Nov 05, 2018 |
Good Development, Buhari is here to bring change. Atiku is a criminal and will never become my president. 1 Like 2 Shares |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Primusinterpares(m): 11:56am On Nov 05, 2018 |
What are we selling to them?? hope it's not the same crude oil ?? 1 Like |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by globalresource: 11:56am On Nov 05, 2018 |
Governance is about results. We need results. Get us results. That is what the masses want to see |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Nobody: 11:57am On Nov 05, 2018 |
Osibanjo will walk the length and breadth of the country talking...talking.....talking, zero action 4 Likes 1 Share |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by SarkinYarki: 11:57am On Nov 05, 2018 |
So why is is useless shallow Buhari refusing to sign AFTA? |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by omu4364(m): 11:58am On Nov 05, 2018 |
Are you aware that Nigerian Senators are the highest paid in d world? what can a married man with children use 100k to do in a month. besides government can hold labourer salaries for like 2 months so what do expect them to feed with. contact me on Fb :ThankGod omu IG:thankGod omu 1 Like 1 Share |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Nelly613: 12:07pm On Nov 05, 2018 |
Hmmm okay.. Reckitt Benckiser is recruiting Customer Services – Supply Chain Manager West Africa Click Here to View Details! |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by tolexy007(m): 12:08pm On Nov 05, 2018 |
ChrisMafian:
|
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by BlcoChina2018: 12:09pm On Nov 05, 2018 |
You are talking utter crap. Ghana has survived without Nigeria and Ghana will continue to do very well without Nigeria. How much trade currently exists Ghana and Nigeria today? Very minimal, and yet the Ghanaian economy is doing well. The sun doesn’t shine fron Nigeria’s anus, and the earlier you Nigerians realize that free trade is good for all economies the better it will be you. Hotfreezer: 3 Likes |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by BlcoChina2018: 12:11pm On Nov 05, 2018 |
Let’s start with Nigeria prohibiting the importation of certain goods from Ecowas countries........ Esseite: |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by ChrisMafian: 12:11pm On Nov 05, 2018 |
tolexy007:Baba till 2023. |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Hotfreezer: 12:14pm On Nov 05, 2018 |
BlcoChina2018: I understand your utter frustration but I can assure you that Nigeria is not responsible for it, take it elsewhere. 1 Like |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Ironi: 12:14pm On Nov 05, 2018 |
Hotfreezer: How did you help this countries in the past? How did you help Ghana in the past ? A shithole country like Nigeria bragging about helping other countries in the past. You can’t even wipe your own ass and yet trying to make yeye all over the place . 3 Likes |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by deathwing(m): 12:16pm On Nov 05, 2018 |
WE are promoting trade, that's why Buhari didn't sign the agreement when it first reached his table. The incompetent president was not ashamed to tell us he had not read it while other African countries signed it. SO now they have inaugurated a committee that will be paid allowances to read through a document the rest of Africa signed ages ago. What a bunch of jokers. |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Bizibi(m): 12:18pm On Nov 05, 2018 |
Hotfreezer:smh |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Hotfreezer: 12:20pm On Nov 05, 2018 |
Bizibi: Should I subtitle it into your native language? |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Bizibi(m): 12:21pm On Nov 05, 2018 |
Hotfreezer:smh |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by beegodson: 12:55pm On Nov 05, 2018 |
I do not see anything wrong with the Federal government promoting Intra-African Trades, I don't even know why Nigerians are so bitter about this, this is rather a positive development for the growth and development of this country, and yet some people are finding faults; sometimes the problems of a country is not the government but the people in it. This will bring about a good bond between Nigeria and other African countries in terms of business etc. I commend this development by the FG. Good job Sir! |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by djon78(m): 1:45pm On Nov 05, 2018 |
deathwing: Do you mind them. They refused to sign the agreement not knowing how beneficial it will be to Nigeria Recently Dangote with all his money was denied Visa to one Eastern African country. And he was mad. They don't know they are hurting Nigeria Business Kenya Ethiopia Rwanda etc are faring very better than Nigeria. Africa has come to a point it must maximize its teeming young population potentials. Inter African trade is one of those ways. We must trade between ourselves more than the rest of the world. A lot of wealth will be created 1 Like |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by seunayantokun(m): 1:46pm On Nov 05, 2018 |
SarkinYarki: Obasanjo said his hand is too weak to sign it. |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by SarkinYarki: 1:50pm On Nov 05, 2018 |
seunayantokun: Chei!!!!! |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by Prettysophy: 3:52pm On Nov 05, 2018 |
It shows. Nigeria needs these kind of relationships |
Re: FG Committed To Promoting Intra-african Trade For Development, VP Osinbajo by BlcoChina2018: 8:57pm On Nov 05, 2018 |
Fuckeduppedness. Tell me, are there any people in the whole world that are more frustrated than Shitnigerians? � How is it Ghana’s fault that Nigeria is a certified sh1thole? ����� there are more poor people in your dustbin country than anywhere else in the world �� sorrrrrrry oh � Fuckeduppedness � Hotfreezer: |
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