• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria’s interest in AfCFTA protected – Chamber

The Matters Press by The Matters Press
July 1, 2019
Reading Time: 2 mins read
0
China’s trade surplus with U.S dips

Trade

Trade

As pressure mounts on Nigeria to key into African Continental Free Trade Area (AfCTA), the President, Abuja Chamber of Commerce and Industry, Mr Adetokunbo Kayode says the country’s interest is duly protected.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Kayode said in Moscow that Nigeria should not delay further in signing the agreement as it had little or nothing to worry about.

He spoke on the sideline of 2019 Africa Export-Import Bank (Afreximbank) Annual meeting in Moscow, Russia.

“First of all, Nigeria was in the forefront of designing this agreement, Nigeria’s interest is duly protected and Nigeria is the biggest economy in Africa.

“Nigeria can never be oppressed economically in Africa. In fact, Nigeria may be taken as an oppressor and we have no reason playing last in this game, many of us feel worried and concerned.

“And nobody should give the impression that Nigeria cannot compete when the AfCFTA agreement is signed, we can compete favourably.

“The reason for the delay in signing was because there was some laxity about consultations, especially with the private sector.

“I agree there was no consultation by government initially with the private sector but that issue has been resolved.

“The government set up a very comprehensive technical committee which includes every sector of our economy both public and private to look at the entire matrix of the agreement.

“They have looked at it and they have recommended to government that Nigeria should sign.

“But as at today, decision has not been finally taken whether we should sign or not, there is an extant federal executive council resolution that Nigeria should sign,’’ Kayode said.

According to him, Nigeria’s inability to compete is due to archaic and anti-trade government regulations of the country.

He urged that these obsolete regulations be removed as it was affecting Nigerian businesses and the economy.

Kayode also urged that basic infrastructure such as power be stabilised to reduce the burden on businesses and engender growth.

He said the country had sufficient power to drive the economy but was still a long way behind ensuring its success.

According to him, Nigeria is also facing the challenge of porous borders which allows people to smuggle all sorts of things into the country without paying due tax to the government.

Kayode urged that the government should work at creating the necessary platform needed for businesses to thrive in the country.

Tags: AfCFTA
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Maritime workers begins strike July 3

Maritime workers begins strike July 3

Kenya hits the globe for oil investment

Firms access $160m oil content fund

Recommended Stories

President Mnangagwa wins again in Zimbabwe

President Mnangagwa wins again in Zimbabwe

August 27, 2023
Rice farmers from poverty to wealth

Local Nigerian rice reduces sleep disorder, other health challenges

November 22, 2021
Trading in Nigerian stock market dips further N83bn

NGX market strengthens by 2.11% as investors gains N899bn

January 5, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us