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Nigeria joins ICS as first African member state

Nigeria joins ICS as first African member state
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ECA s sensitization workshop on opportunities in AfCFTA for women in business ends in Abuja | United Nations Economic Commission for Africa

ECA s sensitization workshop on opportunities in AfCFTA for women in business ends in Abuja | United Nations Economic Commission for Africa
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NACCIMA: AfCFTA Provides Opportunity for Nigeria to Dominate Africa

Dike Onwuamaeze The leadership of the Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has challenged Nigerian businesses to shed the toga of fear of Nigerian becoming a dumping ground and step out boldly to compete and dominate African economy with the opportunities offered by the African Continental Free Trade Area (AfCFTA) agreement. This challenge was given recently, during the inaugural press conference of the new President of the NACCIMA, Mr. John C, Udeagbala, who stated that competition under the AfCFTA would strengthen Nigerian businesses rather than and drowning them. Udeagbala said: “I want to be very honest with you as I will be speaking as an industrialist. Initially, I entertained fears as a manufacturer about Nigeria becoming a dumping market knowing the state of our infrastructure, especially power.

War Risk Insurance: Uniting for a common goal

Director-General, NIMASA, Bashir JamohThe reason underwriting firms around the world have given for the very high premium (the highest in the world) they place on cargoes coming to Nigeria has been the perception of the Gulf of Guinea as the most unsafe and least secure maritime environment in the world. This has seen Nigerians paying very exorbitant costs for imported goods and raw materials, for the simple reason that about 65 per cent of the merchandise that passes through the region come into the country. What this means is that for each imported product; for each made-in-Nigeria product manufactured with imported raw materials, Nigerians pay a high price because of the insecurity in the Gulf of Guinea.

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