AfCFTA

Former President Olusegun Obasanjo has called for increased bilateral relations between Nigeria and Angola.Mr Obasanjo made the call at the Angola-Nigeria Diplomatic-Business Investment meeting on Saturday in Lagos. Mr Obasanjo, who was a special guest of honour at the event, said the meeting focused on the potential for enhanced collaboration between the two countries. According to him, the meeting also emphasises the need to boost trade volume within Africa, which reflects a commitment to advancing economic…

The Vice President, Kashim Shettima, has said the need to increase intra-Africa trade currently put at 15 per cent and its potential to raise the continent’s GDP are some of the compelling reasons why the African Continental Free Trade Area (AfCFTA) agreement must not be allowed to fail. He expressed optimism that AfCFTA would help galvanise GDP growth on the continent, just as he said based on the World Bank projections, AfCFTA will increase Africa’s GDP by $450 billion in 2035, and exports by more than 81 per…

The African Continental Free Trade Area (AfCFTA) is a significant development for the African continent and presents a tremendous opportunity for Nigeria to increase its trade volume, encourage tourism and boost its economy, Adeniyi Adebayo, Minister of Industry, Trade and Investment, has said. Mr Adebayo disclosed this while delivering his speech during the National Tourism Transportation Summit (NTTS) and Expo recently held in Abuja. The NTTS is a foremost tourism and transportation industries event anchored by…

Over 90 per cent of African CEOs are confident Africa’s continental free trade pact, AfCFTA, will have a positive impact on their businesses, a new survey by the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has found. The result of the survey of African CEOs from 46 countries, released last week, showed that the AfCFTA will have a positive effect on intra-African trade levels, as early as 2022-23. It also highlighted how African businesses see opportunities in…