Otunba Adeniyi Adebayo, the Minister of Industry, Trade and Investment, made this known on Wednesday in Abuja in a statement by his Special Assistant on Media, Ifedayo Sayo.
The Minister said Nigeria could not afford to be left out of the emerging African economic block, stressing that AfCFTA would form a 3.4 trillion dollars economic bloc, which Nigeria must play a leading role.
AfCFTA, which is the world’s largest free trade area in terms of 54 participating countries, will signal the beginning of the implementation of a single continental market for goods and services, with free movement of business persons and investments across Africa.
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The Federal Government on Wednesday called on Nigerians, particularly industrialists to take advantage of the inherent opportunities in the $3.4trn economy of African Continental Free Trade Agreement to promote made-in-Nigeria goods.
Minister of Industry, Trade and Investment, Adeniyi Adebayo, made the call in a statement issued in Abuja by his Special Assistant on Media, Ifedayo Sayo.
The minister said Nigeria could not afford to be left out of the emerging African economic block, stressing that AfCFTA would form a $3.4trn economic bloc, which Nigeria must play a leading role.
AfCFTA, the world’s largest free trade area in terms of 54 participating countries, will commence on January 1, 2021.
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The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said.
It was learnt that the over three million projects were financed through 29 interventions, while the bank currently has 36 active intervention programmes.
The Director, Development Finance Department, CBN, Yusuf Yila, disclosed this at the African Continental Free Trade Agreement Strategy Workshop Series II on financial services and investment mobilisation, with the theme ‘Leveraging Nigeria’s financial services sector to maximise the gains of AfCFTA’.
Yila’s position at the workshop was contained in a statement issued in Abuja on Sunday by the Secretary, National Action Committee on AfCFTA and Senior Special Assistant to the President on Public Sector Matters, Francis Anatogu.