ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, April 10, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
The ongoing house of reps voting to elect new speaker from APC

House of Reps

Nigerian traders seek National Assembly’s ratification of AfCFTA agreement

byAgency Report
August 11, 2019
2 min read

The National Association of Nigerian Traders (NANTS) has advised the National Assembly to urgently ratify the African Continental Free Trade Area (AfCFTA) agreement to ensure its speedy implementation.

Ken Ukaoha, the NANTS president, in an interview with the News Agency of Nigeria (NAN) in Abuja said that its ratification would enable Nigeria to quickly join the nations that would benefit from the agreement.

President Muhammadu Buhari had on July 7, at the 12th African Union (AU) Extraordinary Summit in Niamey, Niger Republic, signed the agreement establishing AfCFTA.

Mr Ukaoha, a lawyer, said the parliament had a major role to play in terms of ratifying the AfCFTA agreement, adding that after signing such an agreement, its endorsement should follow suit.

“And of course we know that courtesy of Section 12 of the 1999 Constitution of Nigeria as amended, no international agreement or treaty can come into force except it is ratified by the National Assembly.

“So the National Assembly should also be seriously and urgently doing so in recourse to provisions of Section 19 of the Constitution which is part of the fundamental objectives of the government.

“One is that our foreign policy objective is in tandem with the AfCFTA, therefore the National Assembly should look at AfCFTA from that angle and ratify it because the implementation is knocking at the door,’’ Mr Ukaoha said.

According to him, there is no need of wasting time in the process, the private sector has decided to move along and so the National Assembly should rise up and do their bidding.

Speaking about its implementation, he explained that the reports of the Presidential Committee on AfCFTA had already shown what Nigeria should do as a country to effectively implement the agreement for the benefit of the people.

RelatedNews

Striking resident doctors reach agreement with govt, may call off strike today

JUST IN: Sarkin Lere, Abubakar Mohammed, is dead

BREAKING: Emmanuel Naibei & Meseret Dike emerge as new champions of Lagos City Marathon

Veteran Nollywood actor, Bruno Iwuoha, is dead

“It is one thing to sign an agreement and another thing to implement such agreement, there are things we need to do as a country for us to be part of the benefits.’’

He further said that the Federal Government should look into the funding of Micro, Small and Medium Enterprises (MSMEs) for effective implementation of the AfCFTA.

“The MSMEs is the fulcrum of every economy and therefore if we do not fund this, we will remain where we are.

Dangote adbanner 728x90_2 (1)

Read also: Senate seeks return to January-December budget cycle

“Secondly, the president should call the private sector to a meeting to strategise on the way forward to implement this agreement because there is no country among the 54 countries in Africa you will not find Nigerian traders.

“If they are found there, located in such countries, then for this particular instruments to realistically benefit Nigeria in terms of implementation it means that these traders in such countries should become trade ambassadors to the country,’’ he said.

The NANTS boss also said that Nigeria’s export orientation strategy must change, adding that the country should no longer be limited to trade missions and trade fares.

According to him, we should rather be identifying required products in specific countries that can compete so that the organised private sector can strategically begin to invest in the development and progressive growth of such product.

The AfCFTA aims to create a single continental market for goods and services, with free movement of people and investments.

ADVERTISEMENT

It covers Protocol on Trade in Goods and Services, Competition Policy, and Intellectual Property Rights.

NAN reports that Buhari recently approved the establishment of National Action Committee (NAC) for implementation of the AfCFTA agreement. (NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

DisCos suspension has minimal effect on electricity consumers —TCN

Next Post

Buhari, Guinean President, others observe Eid prayer in Daura

Agency Report

Agency Report

More News

File photo of Resident Doctors

Striking resident doctors reach agreement with govt, may call off strike today

April 10, 2021
Sarkin Lere, Abubakar Mohammed,

JUST IN: Sarkin Lere, Abubakar Mohammed, is dead

April 10, 2021
Bruno Iwuoha

Veteran Nollywood actor, Bruno Iwuoha, is dead

April 10, 2021
Danladi-Umar-CCT-Chairman

Security guard assaulted by CCT chairman petitions human rights commission

April 10, 2021
Nigeria Market street [PHOTO CREDIT: Council on Foreign Relations]

Family facing ‘unprecedented threat’ in Nigeria, says public health expert

April 10, 2021
Danladi-Umar-CCT-Chairman

Security guard assaulted by CCT chairman petitions human rights commission

April 10, 2021
Next Post
President Muhammadu Buhari in Daura

Buhari, Guinean President, others observe Eid prayer in Daura

Akoka residents petition National Assembly over water pollution by Total

Akoka residents petition National Assembly over water pollution by Total

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,649,498 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.