Osinbajo canvasses expert teams for international trade negotiations dailypost.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.ng Daily Mail and Mail on Sunday newspapers.
Lagos, March 5, 2021 Mr Wamkele Mene, Secretary General, Africa Continental Free Trade Area (AfCFTA) has described the AfCFTA as a driver for Africa’s recovery from the impacts of the coronavirus pandemic.
He said it would drive recovery from impacts of the pandemic on the continent’s industralisation growth and development agenda.
Mene made the assertion during a courtesy visit to the Lagos Chamber of Commerce and Industry (LCCI) on Friday in Lagos.
He said the continent’s ability to trade in merchandise and services inclusive of the airlines industry, tourism and other components was critical to its recovery.
Mene said that Africa, before the onset of the pandemic, was a significant market with a growing rate of 3.4 per cent annually, and the producer of six out of 10 fastest growing economies of the world.
SPECIAL REPORT
Africa has always been promising with great potentials not fully harnessed by the countries inhabiting the continent but exploited by those outside it. But with the launch of the African Continental Free Trade Area (AfCFTA) on January 1, 2021, and Nigeria signing its agreement after an initial hesitation, how will Africa’s most populous nation and largest economy on the continent fare? Bayo Akinloye examines what to expect
It was a grand occasion characterised by a flurry of activities. Pages of papers ruffled due to constant thumbing in the decorous hall peopled by Africa’s most powerful men. There was excitement in the air as their optimism outweighed their pessimism. A historic moment was about to climax. For the first time in many years, many African heads of state decided to become united and unified on trade terms. Africa and the world waited for the icing on the cake.
3 min read
Even as the coronavirus pandemic raged, Nigeria recorded its highest Foreign Direct Investment (FDI) in eight quarters in the third quarter of 2020, as the nation attracted investment worth $414.79 million.
The new figures are contained in the data released by the
According to the Trade Data Quarterly brochure for the third quarter of 2020, the jump in Q3 represents a 179 per cent increase from the $148 million the country attracted in Q2 2020.
PREMIUM TIMES analysis of the figures shows that this is the highest figure since the third quarter of 2018 and it is more than the sum of both Q1 and Q2 of 2020.