• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 4, 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 Economy/Technology

Nigeria, key partner to AfCFTA’s success – AfDB

Nigeria

The Matters Press by The Matters Press
November 13, 2023
Reading Time: 2 mins read
0
AfCFTA’s potential for enterprises dominates discussion

Marrakesh (Morocco), Nov. 13, 2023: The African Development Bank’s (AfDB) Nigeria Country Director-General, Lamin Barrow, has reiterated the important role Nigeria played in the success of African Continental Free Trade Area (AfCFTA).

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Barrow on Sunday expressed optimism that President Bola Tinubu’s administration would ensure AfCFTA’s full implementation for the benefit of Nigerians and the continent at large.

”Nigeria is already a signatory and has gratified its membership. Therefore, it has not joined the group of actively trading countries.

”The processes are advanced to let Nigeria lead and AfCFTA cannot succeed without Nigeria, even though we have concerns and preoccupations concerning AfCFTA.

”Especially the need to avoid being a dumping ground and of course, all these illegal exports are close concerns, ” Barrow said.

He said they also needed to consult very extensively with the private sector.

According to him, the private sector is a key stakeholder that will ensure all the necessary arrangements are in place to prepare the nation for AfCFTA.

”I think all these things have been done, and the new government and leadership have reaffirmed their strong commitment to AfCFTA.

”You can see they are robust African policies and we expect Nigeria to continue to play its leadership role even in this government,” he said.

On project timelines, Barrow, reiterated its importance while adding that it helped in the speedy realisation of projects.

He said, ‘There are timeliness because the sponsors want to get these deals financed and close the deals urgently depending on the level of readiness.

”The Lagos -Abidjan corridor for example, is a public sector driven project with a lot of private sector participation through concessional finance.

”The investment interest was confirmed last year in AIF; Right now it is in the advanced stage of preparation.

”We have to complete this concessional studies with feasibility studies to be able to close the financing that has been expressed in terms of interest by various private sector operators.”

According to Barrow, it is expected that by mid-2024, these projects will be sufficiently advanced to reach financing decisions.

Tags: AfCFTAAfDBNigeria
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
Nigeria gets AfDB’s $14m as member of ATI

AfDB ready to disburse $618m to Nigeria for digital, creative enterprises

AfCFTA can stop Africa from exporting raw materials, importing finished goods

Recommended Stories

Nigeria’s green bond market exceeds N55bn mark

Africa Investment Forum showcases $1.475bn in green and renewable energy

May 26, 2023
EU-ACT programme spends over N4.2b in capacity building in Nigeria

Eurozone finance ministers due to discuss worsening economic outlook

November 7, 2022
Saudi’s oil giant, Aramco nets $161bn

Saudi’s oil giant, Aramco nets $161bn

March 13, 2023

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

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

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