President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Otunba Dele Oye, has charged the Federal Government to speed up the operationalisation of the African Continental Free Trade Area (AfCFTA) Agreement to facilitate intra-African trade and boost economic integration.
Oye also urged Nigerian businesses to embrace the opportunities presented by the AfCFTA, saying the agreement presents an unprecedented opportunity for African businesses to expand into new markets, develop new products and services and create more jobs and wealth for the people.
Oye said this at the second phase of AfCFTA Secretariat Mission in Nigeria, in conjunction with the National Action Committee on the African Continental Free Trade Agreement, NACCIMA and the business community.
The NACCIMA boss: “It gives me great pleasure to reflect on our early endorsement of the AfCFTA and unwavering commitment to its success. As one of the first organisations to endorse the agreement, NACCIMA has actively supported preparation for the implementation of the AfCFTA in Nigeria.
“I am delighted to announce that NACCIMA has successfully organised the AfCFTA lecture series in collaboration with Deloitte, an initiative that has been instrumental in sensitising our members on the potential benefits of the agreement. Through these series of lectures, we have provided valuable insights into the opportunities and challenges presented by the AfCFTA to our members.
“We are delighted to note the significant progress made so far, including the establishment of the AfCFTA Secretariat in Ghana and the launch of the operational phase of the agreement. The AfCFTA presents an unprecedented opportunity for African businesses to expand into new markets, develop new products and services and create more jobs and wealth for our people.”
As the largest economy in Africa, Oye Said, Nigeria has a crucial role to play in the success of the continental agreement. He said the country must work with others to make Africa an economic powerhouse.