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February 8, 2021
The Network of Practicing Non-oil Exporters of Nigeria (NPNEN) on Friday, during its first non-oil exporters’ town hall meeting deliberated on ways to improve the country’s non-oil export sector. The event which was hosted in a hybrid format (physical and virtual) brought together over 140 stakeholders to identify means of harnessing Nigeria’s Non-Oil resources to leverage improved economic growth.
In his opening remark, Alhaji Ahmad Rabiu, the NPNEN President identified that the purpose of the meeting was to bring about a better collaboration amongst non-oil exporters in Nigeria and present them under one umbrella. He also pointed out that it was time to address non-oil export issues and work collectively towards boosting the sector.
Anchored on the platform of the pan-African vision of building an integrated, prosperous and peaceful Africa, AfCTA is a free trade area that includes 30 African countries.
Reviewing AfCTA’s potential, the United Nations Economic Commission for Africa estimates that the agreement will boost intra-African trade by 52 per cent by 2022.
With this, economists posit that AfCTA will consolidate Africa into one trade area to provide great opportunities for entrepreneurs, businesses and consumers across the continent to support sustainable development in the world’s least developed region.
To achieve part of the aims of the initiative, the federal government embarks on a rail line project between Nigeria and Republic of Niger as a way of improving trade relations and boosting economic activities between the two countries.