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Six months after, Nigeria yet to domesticate, implement AfCFTA | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News


• Free trade will commence when crucial criteria are completed, says Customs
Six months after trading officially commenced under the African Continental Free Trade Area (AfCFTA), Nigeria and some other countries continue to lag behind, having stalled the process to domesticate trade protocols in line with the implementation of the new trade regime.
   
With the rules of origin yet to be defined, Nigerian exporters and manufacturers are left in the dark on the next line of action as other countries take national positions in safeguarding local industries and expanding regional agenda.
 
AfCFTA took off on January 1, 2021, but some nations are yet to fashion out the rules of origin, which is the major aspect of the trade framework. ....

Abuja Federal Capital Territory , Francis Anatogu , Emmanuel Nwagbara , Jonathan Aremu , Greg Ogbeifun , Okey Ibeke , Joseph Attah , Olusegun Osunkeye , Nigerian Customs Service , Ship Owners Association Of Nigeria , International Chambers Of Commerce Nigeria , Economic Community Of West African States , National Action Committee On Af , European Union , Nigerian Office For Trade Negotiations , International Economic Relations , International Trade Advisory Services Ltd , Covenant University , African Continental Free Trade Area , Nigerian Office , Trade Negotiations , State Parties , Federal Government , Wamkele Mene , Relations Officer , Deputy Controller ,

Nigeria in position to export US $3Bn in Cocoa derivatives to AfCFTA


Nigeria in position to export US $3Bn in Cocoa derivatives to AfCFTA
April 8, 2021
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The Nigerian federal government has disclosed that by taking advantage of the African Continental Free Trade Area (AfCFTA), Nigeria has the capacity to export US $3Bn worth of derivatives from cocoa and US $300m from the sale of the raw unprocessed commodity.
According to local media reports, the Senior Special Assistant to the President on Public Sector Matters, Mr. Francis Anatogu, who is also the Secretary of the National Action Committee (NAC) for Nigeria’s AfCFTA implementation said that during the recession of 2016, not only did revenue from oil drop, but the tax revenue also decreased. With AfCFTA, Anatogu stated that compliance would be critical because there are some risks that if all stakeholders don’t comply, there will be issues. ....

Francis Anatogu , Nigeria Export Promotion Council , National Action Committee , African Continental Free Trade Area , Senior Special Assistant , Public Sector Matters , நைஜீரியா ஏற்றுமதி ப்ரமோஶந் சபை , தேசிய நடவடிக்கை குழு , மூத்தவர் சிறப்பு உதவியாளர் , பொது துறை விஷயங்கள் ,