Page 6 - நைஜீரியா பொருளாதார நிலைத்தன்மை திட்டம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  By Yinka Kolawole The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the African Continental Free Trade Area (AfCFTA), has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade. Analysis of the Foreign Trade in Goods Statistics of the National Bureau of Statistics (NBS) from the fourth quarter of 2019 (Q4 2019) to Q4 2020 revealed a steady increase in the value of imported manufactured goods compared to exports in consecutive quarters. Stakeholders in the manufacturing sector are apprehensive that without strict enforcement of rules of origin when the AfCFTA becomes fully operational, Nigeria may end up a dumping ground for foreign manufactured goods.

Mansur ahmedYinka kolawoleOtunba adeniyi adebayoSegun ajayi kadirExpansion facility programmeNational action committee on afAnalysts at proshare nigeriaMinistry of industryNational trade facilitation committeeManufacturers association of nigeriaKindly share this storyAfrican continental free trade areaGoods statisticsForeign tradeNational bureauOlalekan ajayi