Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,386 members, 7,815,822 topics. Date: Thursday, 02 May 2024 at 06:54 PM

Africa is Now the World’s Largest Single Continental Market - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Africa is Now the World’s Largest Single Continental Market (21378 Views)

Dangote Refinery Installs Largest Single Crude Distillation Column - Pictures / Dangote Refinery: Largest Single Train Crude Distillation Column Berths In Lagos / World's Largest Atmospheric Tower For Dangote Refinery Sets Sail From China (PIC (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Africa is Now the World’s Largest Single Continental Market by owila4luv(m): 7:47am On May 31, 2019
Niholla:
Why did Nigeria not sign??
because Buhari is Busy trying to islamise Nigeria In the IOC
Re: Africa is Now the World’s Largest Single Continental Market by Acidosis(m): 7:47am On May 31, 2019
I think I'm with Buhari on this. You need to see the way African presidents run to Beijing to lick the feet of Xi Jinping. It is a shameless thing to see over 50 clueless nations depend on a single nation for its development (in the name of bilateral relationships). This sham agreement seems like a Chinese sponsored deal. China is currently responsible for the construction of 99.9% of railways across the entire continent, from Kenya to Malawi, Congo, etc. By handling all railway projects, the goal is to connect all 52+ nations, and Xi will do aything to push Chinese products through these railways. They sell their goods, we get infrastructure that are bound to decay in no time. Of course, they know we can't maintain what we can't build.


Buhari must have learnt some lessons after the currency swap nonsense barely six months into his administration. I'm hoping he's not making another mistake with the ongoing Islamic deals. Buhari will most likely abandon his brain when religion becomes a part of the discussion.

21 Likes 2 Shares

Re: Africa is Now the World’s Largest Single Continental Market by Nobody: 7:48am On May 31, 2019
hisgrace090:



And we will have more than 50 countries to dump ours too.

Think of it.

With their population ranging from 10m to 50m, do you think they would choose our product over theirs?.. that would kill their manufacturing industries.

6 Likes

Re: Africa is Now the World’s Largest Single Continental Market by martineverest(m): 7:48am On May 31, 2019
trapQ:
Please if you don't know something, ask questions.
the guy is right ..u are the dull person here.

Nigeria isn't signing cos we are the major target here.......our government isn't as senseless as u are

10 Likes

Re: Africa is Now the World’s Largest Single Continental Market by selemo: 7:48am On May 31, 2019
With important goods!!! grin grin grin grin grin
Re: Africa is Now the World’s Largest Single Continental Market by Nobody: 7:49am On May 31, 2019
trapQ:
Please if you don't know something, ask questions.

Okay, please tell me what I dont know, or how this favours Nigeria.

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by hisgrace090: 7:49am On May 31, 2019
AreaFada2:
I am with Buhari on this. They need to first sort out xenophobia against innocent Nigerians first in Africa. No point being carried away by free trade agreement on paper while Nigerians will not be allowed to trade in peace. To go lose serious money when attacked. Or killed even.

Nigeria will just become a dumping ground for goods from outside Africa through African countries.


And Nigeria will equally have many countries to dump theirs too.

Our only fear is that we as people produce low quality goods that may not be accepted by many.

5 Likes 1 Share

Re: Africa is Now the World’s Largest Single Continental Market by zoedew: 7:50am On May 31, 2019
But for corruption that is a plus.
Re: Africa is Now the World’s Largest Single Continental Market by 9jaRealist: 7:51am On May 31, 2019
Achieved WITHOUT Nigeria... cry
While other African leaders were trying to advance economic interests and development, Buhari is in Saudi Arabia yet again! SMH

>

3 Likes

Re: Africa is Now the World’s Largest Single Continental Market by HEFAIROHLUWA(m): 7:51am On May 31, 2019
hisgrace090:



And we will have more than 50 countries to dump ours too.

Think of it.
Dump ours? Our Agricultural products? No! I dont think so friend. I think its a smart move.

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by elizabethg: 7:52am On May 31, 2019
Achievement..


See newest mark angel comedy video - https://muguvideos.com/which-boyfriend-mark-angel-comedy-episode-211_v14467
Re: Africa is Now the World’s Largest Single Continental Market by Nukilia: 7:53am On May 31, 2019
naijaguy123456:

52 out of the continent’s 55 countries have signed the free trade agreement with the exception of Benin, Eritrea, and Nigeria due to concerns raised by local businesses. Nigeria’s failure to sign the agreement was due to concerns raised by its manufacturing association which says the AfCFTA would have a negative impact on its members.

Nigeria will regret this big time. There is so much to gain from being a partner to this agreement.

Although Nigeria is trying to safeguard its economy, but the sad truth is that the economy of this country is set for a decline since Neighboring countries are busy signing the agreement.

Its only a matter of time before Nigerian businesses move to other countries in Africa to establish their trade while our home economy suffer in the hands of misdirected leadership.

The ripple effect of these trade agreement on the African economy is huge and I believe its time for us to kiss industrialization goodbye.

6 Likes

Re: Africa is Now the World’s Largest Single Continental Market by hisgrace090: 7:54am On May 31, 2019
Esseite:


With their population ranging from 10m to 50m, do you think they would choose our product over theirs?.. that would kill their manufacturing industries.


Hope you know that we're being forced to buy low quality goods in Nigeria do to lack of regulation, its true that no country will allow such.

3 Likes

Re: Africa is Now the World’s Largest Single Continental Market by Pidginwhisper: 7:54am On May 31, 2019
martineverest:
the guy is right ..u are the dull person here.

Nigeria isn't signing cos we are the major target here.......our government isn't as senseless as u are

2 Likes 1 Share

Re: Africa is Now the World’s Largest Single Continental Market by 9jaRealist: 7:57am On May 31, 2019
Meanwhile, this GUARANTEES that when foreign investors are seeking out a "beach-head" or "gateway" to access the entire African market, they will NEVER even look at Nigeria at all...

2 Likes 1 Share

Re: Africa is Now the World’s Largest Single Continental Market by AreaFada2: 7:58am On May 31, 2019
hisgrace090:



And Nigeria will equally have many countries to dump theirs too.

Our only fear is that we as people produce low quality goods that may not be accepted by many.
Nope. Most countries out of fear will not allow Nigerians freehand to trade. Look at ECOWAS.

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by Nukilia: 7:59am On May 31, 2019
martineverest:
the guy is right ..u are the dull person here.

Nigeria isn't signing cos we are the major target here.......our government isn't as senseless as u are

Our government is actually more senseless than you can ever imagine. The public show of bragggado will not save the sinking ship of the Nigerian state under the incompetent leadership of the APC.

The statusquo is still being maintained on the part of the government, nepotism is the order of the day while incompetence is established in every facet of the Nigerian state.

Verily I say unto you, the #10,000 being shared by the APC to market women will not save this economy from the imminent collapse.
Re: Africa is Now the World’s Largest Single Continental Market by pafisayo(m): 8:00am On May 31, 2019
trapQ:
Please if you don't know something, ask questions.

Please tell us something ...
we can all learn .
Thanks

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by Nukilia: 8:00am On May 31, 2019
9jaRealist:
Meanwhile, this GUARANTEES that when foreign investors are seeking out a "beach-head" or "gateway" to access the rest of Africa, they will NEVER even look at Nigeria at all...

The APC government do not want them in Nigeria... grin grin grin

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by WhoBeThisMan: 8:04am On May 31, 2019
Esseite:
Buhari did a good job not joining the parasitic trade union... we would have been a dumping ground to them.

What has any of these countries imported from our Manufacturers before to grant free trade access.
you are looking at one side only. It would have also expanded market for Nigerian businesses too
Re: Africa is Now the World’s Largest Single Continental Market by Ironi: 8:05am On May 31, 2019
Esseite:
Buhari did a good job not joining the parasitic trade union... we would have been a dumping ground to them.

What has any of these countries imported from our Manufacturers before to grant free trade access.

What do you manufacture ??

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by WhoBeThisMan: 8:07am On May 31, 2019
martineverest:
learn to reason fast and deep before castigating

Benin isn't signing because they have the largest port in Africa...thus they will lose revenue

Nigeria isn't signing cos they are the main target... Chinese will take advantage of this by importing Chinese products to our neighbors and slamming 'made in Cameroon/Ghana/togo' on it
now is Nigerian economy bigger than the 52 countries that signed all together? Who is losing here ?

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by GeneralPula: 8:08am On May 31, 2019
[s]
naijaguy123456:

52 out of the continent’s 55 countries have signed the free trade agreement with the exception of Benin, Eritrea, and Nigeria due to concerns raised by local businesses. Nigeria’s failure to sign the agreement was due to concerns raised by its manufacturing association which says the AfCFTA would have a negative impact on its members.


Nigeria will regret this big time. There is so much to gain from being a partner to this agreement.

The pact aims to boost intra-African trade by making Africa a single market of 1.2 billion people and a cumulative GDP over $3.4 trillion. The UN Economic Commission for Africa (UNECA) estimates that the implementation of the agreement could increase intra-African trade by 52% by 2022 (compared with trade levels in 2010) and double the share of intra-African trade (currently around 13% of Africa’s exports) by the start of the next decade.

Copied
[/s]

1 Like 3 Shares

Re: Africa is Now the World’s Largest Single Continental Market by kheny12(m): 8:10am On May 31, 2019
Alexanity:
Naija no dey Africa again na, Naija is in hell
Na you go dey hell.

3 Likes 1 Share

Re: Africa is Now the World’s Largest Single Continental Market by GeneralPula: 8:10am On May 31, 2019
[s]
musicwriter:


Because Buhari is taking instruction from myopic people who want to protect tbeir selfish interest instead of wider continental interest.

And those saying China, you don't know what you're talking about. China is already everywhere all over Africa and this agreement is to their interest. China would earnestly want this.

Britain controls your president and most of your elites, so look there and you'll find what interests they'll want to protect with a brain dead president in power.
[/s]

1 Like 2 Shares

Re: Africa is Now the World’s Largest Single Continental Market by GeneralPula: 8:10am On May 31, 2019
Dumb people everywhere. If Buhari sign am now and yawa later gaz, nah them go still dey talk say him no be economic expert. Some people are so dumb that, once they see international like this, they don’t care they’ll just believe it’s something good.

13 Likes 4 Shares

Re: Africa is Now the World’s Largest Single Continental Market by WhoBeThisMan: 8:11am On May 31, 2019
Nukilia:


Our government is actually more senseless than you can ever imagine. The public show of bragggado will not save the sinking ship of the Nigerian state under the incompetent leadership of the APC.

The statusquo is still being maintained on the part of the government, nepotism is the order of the day while incompetence is established in every facet of the Nigerian state.

Verily I say unto you, the #10,000 being shared by the APC to market women will not save this economy from the imminent collapse.
just the other day immediately after inaugurating the president he jets off the next day for Islamic country meeting.

I'm not against Islam, but how will that benefit the nation. This agreement will benefit the nation and businesses and also the citizens. Now only Nigerians will require visas to go to some African countries for business

4 Likes

Re: Africa is Now the World’s Largest Single Continental Market by selemo: 8:12am On May 31, 2019
shadeyinka:
Africa is First and Largest as a Consumer and Parasite to other nations who think and produce.
what a curse!

It's not until chains are put on your neck for you to be a SLAVE, the only prerequisite is to stop using your brain and the thinking Nations would enslave you.

When will Nigeria begin to think?
Because BLACK MAN is not meant to think. We are HEDONIST and VOODOOIST!!! grin grin grin grin grin grin. Evil race..

2 Likes 1 Share

Re: Africa is Now the World’s Largest Single Continental Market by WhoBeThisMan: 8:12am On May 31, 2019
martineverest:
all thanks to china ulterior motive...I really applaud buhari for not being part of this treaty
I'm sure you have ever left Nigeria to other African countries. You think the world revolves around Nigeria ?

1 Like

Re: Africa is Now the World’s Largest Single Continental Market by almarthins(m): 8:13am On May 31, 2019
Niholla:
Why did Nigeria not sign??

If they sign it, nigeria will become a dumping ground for all african product.

2 Likes

Re: Africa is Now the World’s Largest Single Continental Market by magicminister: 8:13am On May 31, 2019
People are ignorant.


Nigeria has the largest economy in Africa,
Some of The largest manufacturers and will stand to gain the most if we join the agreement.

Our people are very innovative but Nigeria is a very very limited market. Allowing our manufacturers to sell to over 1.2 billion people is definitely better than just 200 million (estimated Nigerian population).

We are pass the opportunity of our lifetime.



Most of us already source foreign made goods in Europe, China and America. Just imagine if we brought all that money back to Africa? Africa is the hardest continent to trade in and we need to soften things up else we will remain perpetually poor!!

Other countries should be worried about us not the other way round. The decision to abstain from signing the agreement is to favor a very very few billionaire manufacturers in Nigeria whom do not want any competition or want to improve the quality of their product. Competition is good... no continent or country has ever flourished without the zeal to out do their competitors.

United States wouldn’t be United States if it wasn’t for WWII and the impending doom from Germany if they didn’t sit up.

Canada, Mexico and United States have free trade agreement and even though USA is the largest economy, it’s greatly benefitting... let’s participate and if it doesn’t make us richer in 10 years, let’s pull out.

8 Likes 2 Shares

Re: Africa is Now the World’s Largest Single Continental Market by GeneralPula: 8:14am On May 31, 2019
WhoBeThisMan:
I'm sure you have ever left Nigeria to other African countries. You think the world revolves around Nigeria ?


Don’t dull yourself bro. Naija nah the best country for Africa. I’m not telling you to believe tho! If not for the corruption and all, Naija got what it takes to build up to many foreign countries level. Forget one useless ranking!!

2 Likes

(1) (2) (3) (4) (5) (6) (7) (Reply)

41 Items Still Banned Under Nigeria-china Currency Swap Deal / What's The Best Way You Ever Dealt With A Debtor Who Refused To Pay? / NNPC Cuts Oil Prices To Woo Buyers- The Punch

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 50
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.