By Rukayat Moisemhe
Lagos, May 25, 2021 Some experts on Tuesday called for the Public-Private partnership (PPP) funding model to address Nigeriaâs infrastructural constraints for advancement in intra-African trade and export diversification.
The experts gave the advice at a webinar organised by Arbiterz Media Ltd with the theme: âAfCFTA: Revamping Nigeriaâs Infrastructure for Global Trade.â
They noted that addressing the countryâs infrastructural gaps through the PPP would also boost its competitiveness in the Africa Continental Free Trade Area (AfCFTA) and globally.
Mrs Tariye Gbadegesin, the Managing Director, ARM-Tarith Infrastructure Fund, said national infrastructure across ports, inland hubs, rail, roads among others, were necessary to upscale the manufacturing sector.
Benin, April 9, 2021 The Manufacturers Association of Nigeria (MAN), Edo/Delta Chapter says it will sensitise its members to the need to apply for the Federal Government N50 billion Export Expansion Facility Programme (EEFP).
Mr Okwara Udensi, Chairman of the chapter said this in an interview with Naija247news in a phone chatin Benin on Friday.
Udensi noted that some members of the association had distrust about the facility due to their inability to access the COVID-19 Survival Fund.
“We are planning an interaction with our national body on April 27, to enlighten our members about the Federal Government grant which they can benefit from.
Taarifa Rwanda
Published 47 mins ago
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Kenya may take long to lift a ban on maize imports from East Africanneighbours following a domestic bumper harvest.
Kenya’s Agricultural and Food Authority (AFA) imposed the ban indicating that Kenya would not import the cereal from Tanzania and Uganda for now.
“Kenya would not need maize imports until June. There is plenty from North Rift,” said the crops inspector of the agency, Calistus Efukho, adding that maize imports from Tanzania and Uganda would not be considered until June.
On March 5 this Agricultural and Food Authority (AFA) banned imports of maize from the two countries, citing Aflatoxin contamination above the safety benchmarks.
Taarifa Rwanda
Published 19 mins ago
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Rwanda’s weekly coffee export has experienced a very big jump both in volume and revenue according to National Agricultural Export Development Board (NAEB).
“Last week we exported a total of366,780Kg of Rwanda Coffee which gained U$1,336,935. In comparison to the previous week, both quantities and revenues increased by 17.8% and 32.8% respectively,” NAEB in its update on Easter Monday.
NAEB also says the main countries of destination for Rwanda’s coffee included; Russia, China, Germany and Canada.
However, Rwanda Tea has suffered a setback as export volumes significantly dropped leading to a fall in revenue.
By Yinka Kolawole
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the African Continental Free Trade Area (AfCFTA), has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
Analysis of the Foreign Trade in Goods Statistics of the National Bureau of Statistics (NBS) from the fourth quarter of 2019 (Q4 2019) to Q4 2020 revealed a steady increase in the value of imported manufactured goods compared to exports in consecutive quarters.
Stakeholders in the manufacturing sector are apprehensive that without strict enforcement of rules of origin when the AfCFTA becomes fully operational, Nigeria may end up a dumping ground for foreign manufactured goods.