VANGUARD MARITIME REPORT: WEDNESDAY, OCTOBER 2, 2019, PAGE 52
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Mr Hassan Bello, has said that intra-African trade stands the chance of rising by as much as $35 billion per annum if the African Continental Free Trade Agreement (AFCFTA) is properly implemented.
He also stated that the continental agreement would be able to reduce foreign imports by as much as $10 billion per annum with African agricultural and industrial exports rising between $4 billion and $21 billion above baseline.
Bello spoke at the one day conference organised by the Journal of Freight and Energy with the theme “Maximizing benefit of Intra-African Trade under AFCFTA regime”.
The NSC boss who was represented by Mr James Chabulatuda, Operation Officer, Consumer Affairs Department, said Nigeria has strong performance outlook in the continental trade in the area of enhanced investment windows and additional job creation.