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Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement - Politics - Nairaland

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Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Lanrelagboi: 5:13am On Mar 24, 2021

•Lagos Governor Hails Buhari, AU on Adoption of Single Market Deal, As He Receives Trade Minister

The sustained investment on infrastructure in Lagos State is a deliberate attempt to position the State’s economy for more inflow of trade and economic partnership, Governor Babajide Sanwo-Olu has said.

He said Lagos would not relent in its effort to scale up necessary infrastructure to drive growth and socio-economic development.

The Governor made the pledge when he received the Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, in courtesy visit at the State House, Alausa, on Tuesday.

The minister led members of the National Action Committee on nationwide sensitisation on African Continental Free Trade Area (AfCFTA), which the nation entered into to deepen economic integration among African countries.

Sanwo-Olu said Lagos, as a sub-national player, had observed the process leading to the adoption of the continental trade agreement and positioned itself for market expansion across areas of collaboration.

The Governor said the State was ready to take advantage of AfCFTA for growth, stressing that a local action committee would be set up by the State Government to liaise with the Federal Government’s committee in order to streamline the trade agreement with the State’s economic agenda.

He said: “I congratulate President Muhammadu Buhari and the leadership of African Union who worked tirelessly to come to this trade agreement, which is on our continent’s interest. As a sub-national player, Lagos has quietly observed and waited for a time when we can take full advantage of the agreement for economic collaboration.

“We are ready to work with the National Action Committee to domesticate the agreement for good outcome. As commercial centre, we will play leadership role in the comity of States. We know there is need to scale up investment in infrastructure and build the capacity to be able to take full advantage of what AfCFTA has to offer for our economy. This effort will be sustained so that Lagos can fully be positioned to benefit from the free trade agreement.”

Sanwo-Olu observed that AfCFTA fitted into Lagos’ economic development blueprint, pointing out that the State had started to build capacity and put in place requisite services to pave the way for free trade.

He said the Deep Seaport being constructed in Ibeju Lekki was strategically initiated to boost the State’s GDP by achieving quick turnaround in the import and export of goods to African markets.

Sanwo-Olu said the Smart Meter Hackathon, a power intervention project being funded by Lagos Government, is one of the biggest Financial Technology (FINTECH) projects in Africa. This, he said, is one of the ways Lagos had positioned itself for continental trade and partnership before the adoption of enabling multilateral agreements.

Adebayo said the AfCFTA agreement sought to create single market for good produced in the continent, stressing that the adopted multilateral contract would give signatory countries access to combined GDP of $3.4 trillion.

The minister said since Lagos remained the arrowhead State for Nigeria’s export trade expansion, it is uniquely positioned to take full advantage of the AfCFTA agreement.

He said: “President Buhari charged the Committee to coordinate the activities of public and private sector stakeholders at all levels to undertake interventions to prepare Nigeria for trading under AfCFTA.

“Since bulk of Nigeria’s wealth, both natural resources and human talent, are domiciled in the States, it is a matter of necessity to domesticate the trade agreement at the State and grassroots levels.”

In company of the minister was the Senior Special Assistant to President Buhari on Public Sector Matters, Mr. Francis Anatogu; the Ministry’s Director of Trade Department, Mr. Aliyu Abubakar; President of Manufacturers Association of Nigeria (MAN), Engr. Mansur Ahmed; Secretary-General of African Ship Owners Association, Ms. Funmi Folorunsho and Director-General of Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture, Ambassador Ayoola Olukanni.

CAPTIONS:

PIX 1 L-R: Otunba Niyi Adebayo, Minister of Industry, Trade & Investment and Chairman, National Action Committee on African Continental Free Trade Area Agreement (AfCFTA), in a discussion with Mr. Babajide Sanwo-Olu, Lagos State Governor during AfCFTA National Action Committee courtesy visit to the Governor, at the Lagos House, Alausa, Ikeja, on Tuesday, March 23, 2021.

PIX 2 L-R: Otunba Niyi Adebayo, Minister of Industry, Trade & Investment and Chairman, National Action Committee on African Continental Free Trade Area Agreement (AfCFTA), exchanging greetings with Mr. Babajide Sanwo-Olu, Lagos State Governor during AfCFTA National Action Committee courtesy visit to the Governor, at the Lagos House, Alausa, Ikeja, on Tuesday, March 23, 2021.

PIX 3 : Mr. Babajide Sanwo-Olu, Lagos State Governor (fourth right); Otunba Niyi Adebayo, Minister of Industry, Trade & Investment and Chairman, National Action Committee on African Continental Free Trade Area Agreement (AfCFTA); Commissioner for Economic Planning & Budget, Mr. Sam Egube (third right); his counterpart for Commerce, Industry & Cooperatives, Dr. Lola Akande (second right), with members of the AfCFTA National Action Committee during a courtesy visit, at the Lagos House, Alausa, Ikeja, on Tuesday, March 23, 2021.

https://www.facebook.com/492378324116772/posts/4014688745219028/

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by BelieverDE: 5:39am On Mar 24, 2021
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Whitecoal711: 6:31am On Mar 24, 2021
EuroUnion come to mind

1 Like

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Validated: 6:35am On Mar 24, 2021
Good, but when will Lagos domesticate FOI Act?
We need to know how our taxes are being "shared".

7 Likes 1 Share

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Akfrenzy(m): 6:57am On Mar 24, 2021
grin hope they'll domestic Agbero too

1 Like

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by eventainment(m): 6:58am On Mar 24, 2021
good development
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by aremuforlife(m): 6:59am On Mar 24, 2021
Can someone tell me what are the other SW state governors doing, it is high time they start to liaise with Lagos state governor. Lagos state governor is expanding his coast everyday by showing the world what they can do and achieve. Ogun state also has an international boarder, just like Oyo state, what are they oung to compete with Lago6 state. Ondo, Ekiti, Osun needs to bring a business template on lagos stat table.
All the state in SW needs to achieve from Lagos overflow development.
There is not bad, if some industries are moved to Ekiti state in particular, because, that is the only state lacking behind in terms of industry, and there finished product are shipped or supplied to other state.

14 Likes

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Drsnives(m): 7:00am On Mar 24, 2021
Puppet governor
Tueh on you forhead

1 Like 1 Share

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Lisaint(m): 7:00am On Mar 24, 2021
AFCFTA

While they are still constructing Badagry-Agbara!

1 Like

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by KingOdart(m): 7:01am On Mar 24, 2021
Drsnives:
Puppet governor
Tueh on you forhead


But your state governor that is not a puppet is MIA and totally useless

10 Likes 2 Shares

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by GreaterFuture3: 7:03am On Mar 24, 2021
Mtcheww, these Scammers!
I don't take any Government, Administration or Politician seriously.

If you Have Cut Iron and Metal Scraps for sale, get across to via WhatsApp in Siggy. Need as many tonnes as possible

2 Likes

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Goodmaks: 7:04am On Mar 24, 2021
Okay
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Makethebest: 7:04am On Mar 24, 2021
Hmmm

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Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by dovetark: 7:05am On Mar 24, 2021
watvh
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Nobody: 7:06am On Mar 24, 2021
GreaterFuture3:
Mtcheww, these Scammers!
I don't take any Government, Administration or Politician seriously.


Please don't


Bunch of liars

1 Like

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Sleekprox: 7:08am On Mar 24, 2021
It is well
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Drsnives(m): 7:08am On Mar 24, 2021
KingOdart:



But your state governor that is not a puppet is MIA and totally useless
See this tinubu ass licker, what have you benefited from them? Mumu zombie
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Nobody: 7:11am On Mar 24, 2021
aremuforlife:
Can someone tell me what are the other SW state governors doing, it is high time they start to liaise with Lagos state governor. Lagos state governor is expanding his coast everyday by showing the world what they can do and achieve. Ogun state also has an international boarder, just like Oyo state, what are they oung to compete with Lago6 state. Ondo, Ekiti, Osun needs to bring a business template on lagos stat table.
All the state in SW needs to achieve from Lagos overflow development.
There is not bad, if some industries are moved to Ekiti state in particular, because, that is the only state lacking behind in terms of industry, and there finished product are shipped or supplied to other state.
can you compare the internal revenue lagos generates with other states?.Do you know how many companies arw in lagos Lagos is meant to be bigger than what it is today, if not that drug lord. lagos generates billions on a daily.
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by KingOdart(m): 7:11am On Mar 24, 2021
Drsnives:

See this tinubu ass licker, what have you benefited from them? Mumu zombie

You are actually the Tinubu ass licker here

You always Wail and cry like Tinubu is the cause of your wretched life at the mention of Tinubu

Your generation na mumu zombie, unfortunate human being

5 Likes 3 Shares

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by bewla(m): 7:15am On Mar 24, 2021
lata
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by chamboy(m): 7:16am On Mar 24, 2021
Waiting for Children of Hate.

3 Likes

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by olahero(m): 7:16am On Mar 24, 2021
OK
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by aremuforlife(m): 7:16am On Mar 24, 2021
Bouz:
can you compare the internal revenue lagos generates with other states?.Do you know how many companies arw in lagos Lagos is meant to be bigger than what it is today, if not that drug lord. lagos generates billions on a daily.
Stop calling an achiever a drug lord, he was the instrument for the high internal revenue lagos state is generating today.
It takes his vision to achieve what lagos state is achieving today,

4 Likes 2 Shares

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Drsnives(m): 7:22am On Mar 24, 2021
KingOdart:


You are actually the Tinubu ass licker here

You always Wail and cry like Tinubu is the cause of your wretched life at the mention of Tinubu

Your generation na mumu zombie, unfortunate human being
Your generation I guess?
Well I don't have your time, just enjoy the change you voted for
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Cooldiipo(m): 7:29am On Mar 24, 2021
shocked
Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by KingOdart(m): 7:32am On Mar 24, 2021
Drsnives:

Your generation I guess?
Well I don't have your time, just enjoy the change you voted for

So you think I'm the one that have your time?

Talking as if I was the one that voted for the idiot in your state

4 Likes 2 Shares

Re: Sanwo-Olu: Lagos Ready To Domesticate AFCFTA Agreement by Duplexxx: 7:33am On Mar 24, 2021
Shameless Government

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