Nigeria to increase exports by 15% thanks to continental trading bloc – ZLECAf

Nigeria To Increase Exports By 15% Thanks To Continental Trading Bloc - Zlecaf

ABUJA – Nigerian President Muhammadu Buhari has revealed that the country is deliberately leveraging the African Continental Free Trade Agreement (AfCFTA) to boost its exports by more than 15% in fisheries, textiles, leather , wood and paper, metals, electronics, vehicles and transport equipment.

“Following the reform of the AfCFTA, Nigeria’s exports will increase significantly to other African sub-regions, outside of West Africa, with more impressive expansions to countries such as Botswana, Cameroon, Egypt, Ethiopia, Kenya, Malawi, Morocco, Mozambique, Namibia, Rwanda, Tanzania, Uganda and Zimbabwe”.

The Head of State was speaking at the ninth African Shippers Day on the theme: “African Continental Free Trade Agreement: A real platform for African shippers to integrate into global trade”, Monday in Lagos.

President Buhari said that “for the AfCFTA to have a positive influence on long-term investment in productive capacities, the African government must develop appropriate supportive policies, build the required infrastructure and ensure a workforce. educated work. We will need to actively promote productive employment and a decent workplace, the empowerment of women, food security and the reduction of inequalities.

On the issue of cross-sector approach, the outgoing President said that a cross-sector approach is needed to enable the AfCFTA to overcome the existing constraints to intra-African trade.

The Nigerian government last year adopted the protocols for the African Continental Free Trade Area (AfCFTA) Phase II.

African leaders must also build the necessary infrastructure and actively promote productive employment and a decent workplace, to explore the benefits of the African Continental Free Trade Agreement (AfCFTA).