RMRDC: 30% raw materials law could create 1.2m jobs
By Victoria Victor, Adisa Halima The Raw Materials Research and Development Council, RMRDC says, a proposed law requiring at least 30% local processing of raw materials before export could create more than 1.2 million skilled jobs within five years, Director-General RMRDC, Professor Nnanyelugo Ike-Muonso, said the measure could also help conserve foreign exchange and increase […]
AfCFTA Seeks Africa-wide Adoption of Nigeria Customs Technology
By Oluwakemi Kindness The African Continental Free Trade Area (AfCFTA) has called for the adoption of Nigeria Customs Service’s digital innovations across Africa to improve customs administration and boost intra-African trade. AfCFTA Secretary-General, Wamkele Mene, made the call during a working visit to the Nigeria Customs Service headquarters in Abuja, according to Abdulahi Maiwada, Customs […]
Nigeria, Benin, Cameroon Agree Border Reform Plan
By Oluwakemi Kindness Nigeria, Benin and Cameroon have agreed to establish a trilateral committee to drive coordinated border reforms aimed at boosting trade, security and regional integration under the African Continental Free Trade Area (AfCFTA). The agreement was reached after a five-day benchmarking mission to the Beitbridge Border Post between Zimbabwe and South Africa, where […]
Minister Urges Reps to Fast-Track AfCFTA Domestication Bill
By Oluwakemi Kindness The Minister of Industry, Trade and Investment, Jumoke Oduwole, has urged the House of Representatives to expedite the passage of the African Continental Free Trade Area (AfCFTA) Domestication Bill, describing it as essential to unlocking trade, investment and economic opportunities for Nigeria. Speaking on Monday at the public hearing on the bill […]
High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
Customs, Afreximbank Deepen Partnership on African Trade
By Oluwakemi Kindness The Nigeria Customs Service (NCS) and the African Export-Import Bank (Afreximbank) have reaffirmed their commitment to strengthening trade facilitation and accelerating the implementation of the African Continental Free Trade Area (AfCFTA) through deeper institutional collaboration. The renewed commitment was made during a working visit by the President and Chairman of the Board […]
Adeniyi Urges Digital Customs for AfCFTA Trade
By Oluwakemi Kindness The Comptroller-General of Customs, Adewale Adeniyi, has identified integrated customs systems as the missing link in the successful implementation of the African Continental Free Trade Area, urging African countries to embrace harmonised digital platforms to boost cross-border trade. A statement on Sunday by Abdulahi Maiwada, Customs spokesperson, says Adeniyi made the remarks […]
NCS Reaffirms Commitment to AfCFTA, Trains Stakeholders on Rules of Origin
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has reaffirmed its commitment to the effective implementation of the African Continental Free Trade Area (AfCFTA). The reaffirmatuon was made at the commencement of a three-day capacity-building programme on Rules of Origin. The training, aims to equip stakeholders with the technical knowledge needed to enhance Nigeria’s participation […]
NSDC, NEXIM Bank Seal Sugar Financing Deal
By Oluwakemi Kindness The National Sugar Development Council (NSDC) has partnered with NEXIM Bank to secure long-term financing to scale Nigeria’s sugar production and cut reliance on imports. The move according to a statement on Thursday is aimed at closing the major funding gap that has slowed the development of large-scale sugar projects across the […]
Tinubu Opens C-PACT Summit, Says Africa Must Dismantle Inefficient Borders
By Oluwakemi Kindness President Bola Tinubu has called on African nations to tear down inefficient borders, harmonise Customs processes and build a unified trade system capable of transforming the continent’s economic future. Speaking through Vice President Kashim Shettima at the maiden Customs Partnership for African Cooperation in Trade (C-PACT) Summit in Abuja, Tinubu said Africa […]