• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

NACCIMA reacts to the signing of AfCFTA

Fakoyejo Olalekan by Fakoyejo Olalekan
July 10, 2019
in Politics
Q1 2020, AfCFTA, African Continental Free Trade Area, Africa Free Trade Agreement, Business new, Nairametrics news, AfCFTA: Promoting Non -Oil revenue will maximize agreement for Nigeria - NESG

Containers at the port

Share on FacebookShare on TwitterShare on Linkedin

The national president of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Hajiya Saratu Iya Aliyu, has reacted to the signing of the African Continental Free Trade Agreement (AfCFTA) by Nigeria.

The trade pact was signed by President Muhammadu buhari three days ago, after initially raising concerns about how effective the AfCFTA would be on the Nigerian and African economy as a whole.

[READ MORE: Nigeria’s decision to sign the AfCFTA might be a grievous mistake after all]

RelatedStories

Q1 2020, AfCFTA, African Continental Free Trade Area, Africa Free Trade Agreement, Business new, Nairametrics news, AfCFTA: Promoting Non -Oil revenue will maximize agreement for Nigeria - NESG

This decades-old challenge will deprive Nigerian businesses AfCFTA’s benefits

July 11, 2019

The benefit of the AfCFTA: The single market agenda was initiated to reduce barriers to trade through the removal of import duties and non-tariff barriers. According to the African Development Bank (AfDB), it is also expected to stimulate intra-African trade by up to $35 billion per year, creating a 52% increase in trade by 2022, and a vital $10 billion decrease in imports from outside Africa.

While addressing the impact of AfCFTA on Nigeria, Aliyu said President Buhari made the right economic decision by accepting an open border and single market which would significantly grow the African economy.

Nigeria to sign AfCFTA, NACCIMA reacts to signing of AfCFTA Countries that have signed the AfCFTA single market deal
Containers transported on the sea

The AfCFTA began last year after over 30 African countries signed the pact to operate a single market. Nigeria, however, delayed its signature, with the President setting up a Presidential Panel to look into the essence of the AfCFTA and interface with Nigerian stakeholders.

The panel, which was led by Desmond Guobadia, reportedly gave a go-ahead for Nigeria to sign it. It stated,“Our reports show that, on balance, Nigeria should consider joining the AfCFTA”. The panel, however, warned of the risk of countries disguising Western-made products as African-made.

[READ ALSO: How AfCFTA affects every Nigerian Business]

According to Aliyu, Nigeria can benefit from the open market through partnership among organised private sector. She said there’s need for cooperation, so that both the private businesses and manufacturers can utilise the opportunity provided by the Agreement.

She advised that, now is time to pay attention on the Pan African digital payment platform, Web-based and mobile applications for business, and an African Trade Observatory Portal.

On the part of NACCIMA, Aliyu said there are plans to orientate chambers across Nigeria on the advantage of AfCFTA and how it can be tapped.


Follow us for Breaking News and Market Intelligence.
Tags: NACCIMA President Hajiya Saratu Iya AliyuNACCIMA reeacts to signing of AfCFTAPresident Buhari signs AfCFTA
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

Q1 2020, AfCFTA, African Continental Free Trade Area, Africa Free Trade Agreement, Business new, Nairametrics news, AfCFTA: Promoting Non -Oil revenue will maximize agreement for Nigeria - NESG
Business News

This decades-old challenge will deprive Nigerian businesses AfCFTA’s benefits

July 11, 2019
Next Post
CBN says commercial banks can now fully operate mobile money wallet

EFG Herms thinks CBN's directives could be damaging to Nigerian banks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 
  • Tin Can Customs Command generates N747 billion in H1 2025, up 29.85% from last year
  • 9mobile, MTN to roll out National Roaming nationwide before end of July 

Follow us on social media:

Recent News

Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 

Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 

July 3, 2025
Nigerian Custom service

Tin Can Customs Command generates N747 billion in H1 2025, up 29.85% from last year

July 3, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics