shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » AfCFTA: Nigeria Plans $50bn Intra-Africa Exports

AfCFTA: Nigeria Plans $50bn Intra-Africa Exports

by Joshua
March 23, 2021
in Featured, News

The National Action Committee on African Continental Free Trade Area Agreement (AfCFTA) has disclosed plans to achieve economically viable communities in Nigeria by growing its intra-Africa export trade volume to $50bn by 2035.

francis-anatogu

The Senior Special Assistant to the President and Secretary, National Action Committee on AfCTA, Francis Anatogu, made the disclosure in an AfCFTA overview presentation to the media in Lagos on Monday.

He stated that other national AfCFTA aspirations were to establish a highly productive workforce, a business friendly environment, quality infrastructure, export development incentives and a strong national brand.

According to him, Nigeria’s edge was being one of the most entrepreneurial, innovative and ingenious economies as well as the country’s scale of opportunities, quality of talent, scale of ambition and the adaptability and agility of the people.

Anatogu said, “Success with AfCFTA is a diversified and sustainable Nigerian economy with strong linkages with neighbours and the top economies in Africa and a globally accepted country brand.

“We are leveraging AfCFTA to prepare for a post oil revenue driven society. The transformation transcends economic changes (includes mindset change).”

He said the key challenges to achieving the targets were insecurity, funding, infrastructure and regulatory constraints, production and productivity issues as well as predatory trade practices.

Anatogu said some AfCFTA strategic programmes underway were the N50bn Export Expansion Facility Programme and the N2.3tn National Economic Sustainability Plan for export driven economic growth, as well as the N1bn Nigeria-Africa Trade Investment Programme.

In another development, the Federal Government has said Nigeria’s economy has been diversified and no more depended on oil.

Minister of State for Finance, Budget and National Planning, Clem Agba, said this known in Abuja on Monday in his presentation at a public hearing organised by the House of Representatives.

He said the non-oil sector now contributed more to the Gross Domestic Product, stressing that the digital economy now contributed more than oil.

The Committee on National Planning and Economic Development organised the hearing on two motions earlier adopted by the House titled ‘Need for Nigeria to Develop a Long-Term Social and Economic Development Framework Vision’ and the ‘Need to Make Adequate Plans for a Post-Oil Economy in Nigeria’.


Tags: AfCFTAFG

Related Posts

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

July 14, 2025
30 Years After: Nigeria’s Free Trade Zone Lagging Behind In Economic Developmental Indices

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

July 14, 2025
Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

July 14, 2025
CRFFN Dismisses Viral Court Judgement Reports, Reaffirms Regulatory Mandate over Freight Forwarders

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

July 14, 2025

Discussion about this post

Latest News

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

July 14, 2025

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

Oyetola Reaffirms Commitment to Logistics Reform, Commissions Zenith Carex HQ

Let the Council for the Regulation of Freight Forwarding in Nigeria Breathe

MONDAY INTERVIEW: “70% of the crew of Ocean Dragon are Nigerians”— Mrs Bernadine Eloka 

KNOW YOUR BODY PARTS: Body Mass Index (BMI)

Less Salt, Longer Lives: Nigeria’s Push For A Healthier Future

The Usefulness Of Watermelon Seeds You May Not Know

NPA Bags NASS PAC Transparency Award

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition