Business
Nigeria Ready For AfCFTA As Deal Starts Jan
As the African Continental Free Trade Agreement (AfCFTA) gets set to take off in a week, the Minister of Industry, Trade and Investment, Otunba Ade-niyi Adebayo, has called on Nigerians, particularly industrialists, to take advantage of the inherent opportunities in the deal to promote made-in-Nigeria goods and boost exports.
The minister made the call in a statement signed by his Special Assistant on Media, Ifedayo Sayo.
Adebayo said Nigeria cannot afford to be left out of the emerging trade bloc, insisting that AfCFTA is a $3.4 trillion opportunity Nigeria must play a leading role.
Recall that AfCFTA, the world’s largest free trade area in terms of the number of participating countries, is expected to commence on January 1.
The commencement will signal the implementation of the much-awaited implementation of Africa’s single market. The minister added, “The journey started on July 7, 2019 when Nigeria became the 53rd African country to sign the AfCFTA treaty. Long before then, it had always been the dream of Nigeria and Africa’s founding fathers to unite the continent in one, shared prosperity. AfCTFA will form a $3.4 trillion economic bloc, which Nigeria cannot afford to miss out on.
“We have worked tirelessly to ensure that Nigeria does not only partake as a signatory in name but also become a major trade and economic powerhouse, even more than we have been within the ECOWAS region”.
Speaking on measures taken by the government towards the effective implementation of the agreement, Secretary, National Action Committee on AfCFTA, Francis Anatogu, said, “We are effectively coordinating with all critical stakeholders to ensure a smooth playing field for Nigerian traders and businessmen to explore the vast market that will open come January 1, 2021.
“We are set to commence a major communication campaign and have tagged January 2021 as AfCFTA Awareness and Sensitisation month, which would take place across the six geopolitical zones and would involve various stakeholder groups in public, private and civil society”.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford