Nigeria places emphasis on the place of the private sector as key driver of economies in Africa.
The country said that there could be no Africa Continental Free Trade Areas (AfCFTA) without the full participation of the private sector.
The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, said on Thursday at the occasion of the ‘Lighting of the Africa Trade Torch’ held virtually.
The programme was held to celebrate the commencement of trading activities under the AfCFTA.
Adebayo said the private sector has the sole power to operationalise the agreement.
The Lighting of the Africa Trade Torch was organised by the Pan-African Manufacturers Association (PAMA).
PAMA aims to encourage cooperation between African manufacturers such that there can be market transformation in order to grow Small and Medium Enterprise (SMEs) and subsequently create value chains to achieve Africa’s industrialisation agenda.
The Minister described the conceptualization of the Lighting of the Africa Trade Torch as “most appropriate.”