Traders association lauds FG’s role in AfCFTA’s secretariat inauguration

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By Francis Ogwo

The Market Traders Association of Nigeria (MATAN) has applauded role of the Nigerian Government in the inauguration of the secretariat for the African Continental Free Trade Agreement (AfCFTA) in Ghana.

The President of MATAN, Alhaji Jamilu Abbas, made this in a statement in Abuja, on Sunday.

Abbas said: “The leading role played by Nigeria in ensuring the smooth take-off of the AfCFTA was impressive and commendable.”

He was of the view that Nigeria had a major role to play in the implementation of the AfCFTA, as many countries in Africa looked up to Nigeria leading the pact due to its size as the most populous and largest economy in Africa.

MATAN advised Nigerian manufacturers and SMEs to take advantage of the agreement to boost Nigeria’s trade leverage in the continent, and also urged for harmonization of laws to prevent trade dispute with members of the agreement.

Recall that in December 2020, Nigeria became the 34th African country to fully ratify and submit its Instrument of Ratification of the African Continental Free Trade Area (AfCFTA).

The AfCFTA seeks to foster specialisation and boost industrialisation; strengthen regional and inter-state cooperation; increase employment and investment opportunities, as well as technological development; and providing the opportunity to harness Africa’s population dividend.

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