City Crime
AfCFTA: Chamber Seeks Single Africa Passport, Free Visa
The Nigeria-South Africa Chamber of Commerce (NSACC) has called for a single Africa passport and free visa to ensure success of the Africa Continental Free Trade Area (AfCFTA) agreement.
Its President, Mr Osayande Giwa-Osagie spoke yesterday in Lagos during the chamber’s September Breakfast Forum, with the theme: ‘Perspectives on the Africa Continental Free Trade Area in Relation to Nigeria’.
AfCFTA is a single continental market for free flow of goods, services and capital, supported by the free movement of persons across Africa.
Giwa-Osagie noted that AfCFTA would boost intra-African trade by 22 per cent, adding that its implementation would impact positively on the Nigerian economy.
He however said Nigeria must diversify its economy in order to harness the gains of the agreement.
“Current intra-African trade rated at 15 to 17 per cent is low and the AfCFTA is expected to boost intra-African by 22 per cent.
“Challenges to its implementation are lack of infrastructure, political instability and lack of economic diversification.
“This gives rise to the need for Nigeria to diversify its economy to harness the gains of the agreement.
“Given the importance of free movement of people , there is need for a free visa Africa and a single Africa passport.
“While the implementation would help boost the Nigerian economy, impact would be limited if there are no free movement of people,” he said.
Head, Trade and Transactional Services, Stanbic IBTC Bank, Mr Jesuseun Fatoyinbo, said the business community needed more clarification on tariff reduction or elimination under the agreement.
According to him, the little information available to corporate organisations with regards to tariffs, may lead to hold back on investments.
“We have noted increased interests from global multinationals and other corporates in setting up facilities in Africa aimed at serving the continent and exporting abroad.
“So more transparency around tariff reductions both in terms of timelines and details of goods could prompt companies to act,” he said.
Fatoyinbo also called for more attention to the digitisation of trade processes across the continent.
“Currently, trade in Africa is largely reliant on physical documentation and this is a major impediment.
“Policymakers need to prioritize regulatory amendments that allows for the digital signatures, digital certificate of origin, digital bills of lading, and other documentation,” he said.
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Renaissance Energy Pledges Stronger Partnership With RIVCHPP
The company’s General Manager, Health, Dr. Akinwumi Fajola, said the proposed partnership would involve the constitution of a joint team comprising representatives of Renaissance and RIVCHPP to deliberate on and develop modalities for deeper collaboration.
Fajola, who spoke during the visit, said the engagement would help strengthen the agency’s operations and advance the attainment of Universal Health Coverage in Rivers State.
He noted that the seeming bottlenecks often associated with government agencies had made some organisations and individuals sceptical about engaging with them.
According to him, the leadership style of the RIVCHPP Executive Secretary had demonstrated positive changes capable of attracting public and private-sector partners.
He stated that Renaissance Energy Limited would further strengthen its engagement with RIVCHPP, particularly in promoting health insurance within its operational areas.
Earlier, Agala described RIVCHPP as a legacy project of the State Governor, Siminalayi Fubara, established to ensure that Rivers residents have access to quality and affordable healthcare in line with the administration’s #Health4AllRivers vision.
She said since the agency became operational in January 2024, it had sustained awareness campaigns across the formal and informal sectors, resulting in steady growth in enrolment.
Agala disclosed that RIVCHPP had enrolled more than 160,000 residents across the state’s 23 Local Government Areas, giving them access to healthcare services.
She also said although Rivers was among the last states in the country to operationalise a health insurance agency, it had risen to 13th position in Universal Health Coverage and was recognised as the most improved state at the Federal Ministry of Health’s 2025 joint annual review meeting.
The Executive Secretary said the agency was implementing comprehensive healthcare plans covering all population groups, including vulnerable residents, to protect households from health poverty and catastrophic health expenditure.
She commended Renaissance Energy Limited for promoting health insurance in its operational areas and congratulated Fajola on his recent promotion.
The visit featured the exchange of promotional materials and souvenirs between the two organisations.
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