Why Nigeria hasn’t signed AfCFTA pact – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Wednesday explained why President Muhammadu Buhari had not given assent to the African Continent Free Trade Agreement, which is expected to increase intra-African trade by 52.3 per cent from the current 19 per cent.

The Federal Executive Council had on March 14 approved that Nigeria should sign the framework agreement for the establishment of the initiative.

But few days to the signing of the agreement, President Muhammadu Buhari opted out of the African Union meeting where the pact was to be signed by 55 African countries.

Read more: http://punchng.com/why-nigeria-hasnt-signed-afcfta-pact-adeosun/

Finally, Buhari ready to sign Africa free trade agreement

President Muhammadu Buhari yesterday met with visiting President Cyril Ramaphosa of South Africa in the Presidential Villa, Abuja, where he expressed readiness to sign the Africa Continental Free Trade Agreement (AfCFTA).

At a joint press conference after their closed-door meeting, Buhari confirmed that he would soon sign the agreement.

The Nigerian president, who earlier declined to assent to the continental trade document, explained then that he could not agree to anything that would undermine local manufacturers and entrepreneur in his country.

Read more: https://guardian.ng/news/finally-buhari-ready-to-sign-africa-free-trade-agreement/

Report: AfCFTA Will Yield Substantial Benefits to African Trade

The Afreximbank 2018 report has predicted that African economies would grow by 4.1 per cent in 2018 if the African Continental Free Trade Area (AfCFTA) agreement is implemented.

This is just as the federal government has explained reasons why Nigeria cannot  speedily sign the agreement, saying stakeholders in the six geopolitical zones of the country were apprehensive of its possible negative consequences to the nation’s socio-economic development.

Read more: https://www.thisdaylive.com/index.php/2018/07/16/report-afcfta-will-yield-substantial-benefits-to-african-trade/

Osun approves N377m loan for rice farmers

The Osun Government has approved N377.1 million agriculture loan for 1,000 rice farmers to cultivate 1,000 hectares of farmland in the state. In a statement by his media aide, Mr Sola Fasure, on Sunday in Osogbo, Governor Rauf Aregbesola said the loan would be accessed from the Bank of Agriculture.

Aregbesola said farmers in Ola-Oluwa, Egbedore and Ejigbo Local Governments would benefit from the loan, which is a facility under the Anchor Borrowers Programme of the Central Bank of Nigeria.

Read more at: https://www.vanguardngr.com/2018/07/osun-approves-n377m-loan-for-rice-farmers/

Govt can encourage indigenous companies by patronising their products

The Managing Director, Berger Paints Nigeria Plc, Mr. Peter Folikwe, in this interview spoke on the challenges facing the paints industry, share price and products of the company, recapitalisation issue, government policy among others.
Excerpts

Government is the biggest spender in the economy and there was a time that government was criticized for not patronizing made in Nigeria products. What is the current situation?

The trend has not totally changed although the government keeps talking about it. I was privileged to be at a forum of Chief Executive Officers, CEO’s with Lagos State Governor, Akinwunmi Ambode, recently and I raised this pertinent issue.

Read more: http://news.bestnaira.com/posts/view/govt-can-encourage-indigenous-companies-by-patronising-their-products-ceo-berger-paints

Govt can encourage indigenous companies by patronising their products

The Managing Director, Berger Paints Nigeria Plc, Mr. Peter Folikwe, in this interview spoke on the challenges facing the paints industry, share price and products of the company, recapitalisation issue, government policy among others.
Excerpts

Government is the biggest spender in the economy and there was a time that government was criticized for not patronizing made in Nigeria products. What is the current situation?

The trend has not totally changed although the government keeps talking about it. I was privileged to be at a forum of Chief Executive Officers, CEO’s with Lagos State Governor, Akinwunmi Ambode, recently and I raised this pertinent issue.

Read more: http://news.bestnaira.com/posts/view/govt-can-encourage-indigenous-companies-by-patronising-their-products-ceo-berger-paints

We don’t delay containers – APMT

The Management of APM Terminals Apapa has said that contrary to insinuations in certain quarters, it does not deliberately delay cargo in its facilities, as doing so will work against its business interest.

The General Manager, Government, Stakeholder Relations and Communications of APM Terminals Apapa, Mr. Augustine Fischer, who stated this in Lagos, weekend, said: “The terminal in Apapa is a gateway terminal, and from a business perspective, it makes sense to have as high a throughput as possible and not store cargo in the terminal.

Read more at: https://www.vanguardngr.com/2018/07/we-dont-delay-containers-apmt/