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MAN Faults AfCFTA’s Impact On Economy

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National President of Manufacturers Association of Nigeria (MAN), Dr Frank Udemba says the association has reservations on the impact of African Continental Free Trade Area (AfCFTA) on the economy.
Udemba made the disclosure in his address at the 30th Annual General Meeting (AGM) of Anambra, Ebonyi and Enugu branches in Awka at the weekend.
The AGM has the theme, “Jobs in Nigeria: Closing the Gaps of Unemployment in A Divergent Labour Market.”
AfCFTA is a trade agreement proposal of the African Union with the objective to create a single continental market for goods and services, with free movement of businesses, persons and investments.
It will pave the way for accelerating the establishment of the Customs Union and expand intra-African trade through better harmonisation, coordination of trade liberalisation, facilitation and instruments across Africa.
Udemba commended President Mohammed Buhari for not signing the agreement yet, adding that there was a need for wider consultation among stakeholders to critically analyse and weigh the possible impacts.
He continued that MAN and the Organised Private Sector were not against the agreement but contended that the National Office for Trade Negotiation (NOTN) did not hold consultation with relevant stakeholders.
“As a concept and in principle, MAN is not against the AfCFTA, our original contention was that NOTN did not undertake adequate consultation with relevant stakeholders.
“Although that is being done now, we still have the big issue of absence of a country-specific study to determine the possible impacts, benefits and downsides of AfCFTA on the Nigerian economy and manufacturing sector in particular.
“MAN shall continue to engage the NOTN and the Federal Government with a view to ensuring that concerns of manufacturers are addressed and we are adequately represented at the negotiations that determine whether or not Nigeria signs-on,’’ he said.
Udemba also called on the governments of Anambra, Ebonyi and Enugu states to create better environment that would engender industrialisation in their domains.
He said infrastructure deficit and harsh regulatory framework were negatively affecting the survival of firms in the state.
“Your Excellencies, it is obvious that your states are not fully industrialised, therefore, efforts should be made to attract investments in the manufacturing sector by providing appropriate infrastructure and other incentives.
“The manufacturing sector has been acknowledged as the highest contributor to job creation, skill development and technology transfer; it is therefore, imperative for state governments to institute more effective consultation mechanism with MAN.
“This will ensure sustenance of the existing manufacturing companies that are currently groaning under the weight of overwhelming infrastructure and regulatory challenges,’’ he said.
The national President applauded the rebound of the country’s economy after recession, acknowledging significant improvement in inflation rate, external reserve, Purchasing Managers Index and increased All Share Index.
Also speaking, Senator Chris Ngige, Minister of Labour and Employment, said the Federal Government was doing its best to provide infrastructure that would encourage business.
Ngige, who was represented Chief Charles Amilo, a chieftain of the All Progressives Congress in Anambra, said works were going on at the second Niger Bridge and roads across the country.
He said the Federal Government through the National Directorate Employment, N-Power and other programmes had created millions of jobs for Nigerians.
On his part, Chief Azubuike Okafor, the outgoing Chairman of the Branch, commended members for their resilience in spite of the operational environment.
Okafor urged governments of the branch states to improve on their ease of doing business in order to enjoy the Internally Generated Revenue benefits accruing from it as obtained in Ogun.
He lamented the high level of smuggling of substandard products into the country, stringent tariff regime and other bottlenecks on international transaction which, he said, were making members to compete unfavourably in the market.

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TTP Trains Customs Agents, Freight Forwarders On Eto App 

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In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.

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NECA Holds MSME Fair To Drive Growth 

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Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.

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Over 2m Passengers Board Blue Rail Train – Commissioner 

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The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.

Nkpemenyie Mcdominic, Lagos

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