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MAN Expresses Concern Over Low Volume Of Trading Among African Countries
The Chairman of the Manufacturers Association of Nigerian (MAN), export group, Mr. Romeo Barberopoulos, has expressed concern that trading among African countries is not up to 10 per cent of their trade with the developed countries.
Barberopoulos told newsmen in Abuja recently that rather than trade among themselves, African countries were trading with the developed countries.
He said that while intra-community trade among member states within given Regional Economic Communities (RECs) in Africa hardly reaches 10 per cent of their total trade, intra-EU trade stood at 85 per cent of EU total exports in 2004.
“This paucity of economic relations among African nations has continued for decades with no serious efforts from any quarters to address it,’’ he said, adding that the situation called for “constructive, positive and decisive engagement’’.
Barberopoulos, who is also the Chairman of the Nigeria Export Trade Houses Ltd (NEXPORTRADE), said the company was established to address regional economic challenges confronting trade in Africa.
“NEXPORTRADE Houses Ltd is a Pan African Company established to serve as a secured platform for increased and better organised trade among business groups in ECOWAS and African nations to reduce informal trade.’’
He pledged to ensure that trade within the region was facilitated to pave the way for rapid economic integration of African businesses.
Barberopoulos said that the company would double efforts to promote economic synergies among businesses for improved intra-Africa trade and investment that would lead to sustainable development of Africa.
He said the company was designed to drive the process of implementing an economic network that would facilitate, promote and sustain business friendly environment among and between operators in Africa.
The chairman said the process was expected to reinforce business and investment relations by leveraging on various bilateral agreements, MoUs and protocols entered into among sister nations.
He also said that the initiative
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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