The Federal Government has stated that it will ensure that Nigerian Nigerian companies take full advantage of the African Continental Free Trade Area.
This was disclosed by President Bola Tinubu on Tuesday while speaking at the launching ceremony of the Guided Trade Initiative under the African Continental Free Trade Area in Lagos, according to The Punch.
Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume stated that AfCFTA has the potential to completely change the economic landscape of the continent.
He said that the AfCFTA was a bold vision for industrialization, equitable growth, and the prosperity of the people of Africa, not just a trade deal.
“It requires us to embrace the challenges ahead with enthusiasm and readiness to tackle them headlong in the interest of our stakeholders and collective survival.
“Our commitment to this agreement is underscored by our recognition of the fact that making AfCFTA work is not an option, but a compelling necessity,” he said.
The President noted that the successful implementation of AfCFTA would come with its challenges and Nigeria must confront those challenges with uncommon determination.
According to him, the proposed plan entails establishing a conducive atmosphere that bolsters businesses, promotes creativity, and cultivates competition.
In addition, Tinubu said that there would be strong cooperation with continental partners to make sure that everyone benefited from AfCFTA and that no one was left behind.
“The companies that are pioneering this initiative today have demonstrated their belief in the potential of made-in-Nigeria products and the immense opportunities that AfCFTA presents.
“These trailblazing businesses have made history by taking this bold step, and they set a precedent for others to follow. Their success is our success, and their journey is our journey,” he explained.
