Nigerian manufacturers have keyed into AfCTA’s implementation, says MAN president

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L:R Chairman, Corporate Affairs and Strategic Planning  Committee,  HRH Igwe Oranu Chris Chidume,  President, Manufacturers  Association  of Nigeria, Engr Mansur Ahmed,  Director- General,  Mr Segun Ajayi-Kadir, mni and Director, Corporate  Service  Division,  Mr Ambrose  Oruche at the 2022 edition of the MAN Reporter  of the Year Award/ Presidential  Media Luncheon

 

The President of Manufacturers Association of Nigeria, Engr Mansur Ahmed says manufacturers in Nigeria have keyed into the implementation of the African Continental Free Trade Area.

He said this on Thursday during interactive session with the media at the ‘MAN Reporter of the year award/Presidential media Luncheon’ held in Lagos.

The MAN boss said significant progress was already being made by Nigeria as manufacturers from Nigeria participated in an Intra-African trade fair which held in South Africa, closing many trade deals with their counterparts from other parts of the continent.

Recall that AfCTA kicked off on 1st January 2021 and it has been lauded as a game-changer and described as an ambitious project capable of lifting over 30 million people out of poverty on the African continent, through trade liberalisation and economic integration in line with the Pan African Vision (Agenda 2063) of an integrated, prosperous and peaceful Africa.

Engr. Ahmed who said he attended the South African event noted that over ₦42bn deals were concluded in that fair, and expressed the optimism that the future looks exciting for Nigerian manufacturers and the 54 member-countries as a whole.

He said, “Significant progress has been made in the implementation of the African Continental Free Trade Area. Manufacturers have started to key into the programme.

“Many of them were in South Africa recently for the intra-African trade fair and many deals were closed at the fair, which featured manufacturers and businesses across various sectors from across Africa.

“The structures are already in place. The AfCTA secretariat is in Ghana,  The government has set up the action committee on AfCTA, and MAN is a member of the steering committee.

“Again, we have trained our members on all they needed to know about AfCTA, as we have done over six Webinars for enlightenment.

“What remains are in the areas of the regulation, processes and procedures.

“We are looking into a bright future for Africa and indeed Nigeria. Any growth in Africa will start from Nigeria. The next few years will be exciting.”

He said he would have expected that the implementation of AfCTA be faster than what is achieved now, pointing that there are still grey areas like the issue of the Customs of each member country understanding the rules guiding the AfCTA, and then the negotiations of other rules regarding trade in the continent like the rule of origin.

“Though a lot of progress is being made, again I agree with those who say things are slow, we need to move faster. We need to make sure our institutions are ready. We need to ensure that operatives Nigeria Customs Service and Standards Organisation of Nigeria are well trained to understand all these rules.”

The MAN President expressed his fears on the emerging trend of military putsch in about three African countries, warning that ” “businesses cannot thrive in an unstable environment and there cannot be economic growth.”

The MAN President commended the veritable partnership between the association and the media, stating that the media had assisted them in articulating their positions on government policies as they affected the manufacturers.

He said, “The industry has benefitted immensely from the partnership with the media. MAN is the key driver of the economy,

our association remained focused on its mandate, will continue to advocate for the nation’s economic growth.”

Engr. Ahmed said MAN “will continue to follow the implementation of AfCTA.”

Other highlights of the event were the presentations of MAN Reporter of the year awards to winners in the print, broadcast(TV and Radio), and the online categories.

 

 

 

 

 

 

 

 

 

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