-by our correspondent.
The Manufacturers Association of Nigeria (MAN) has lauded the Federal Government of Nigeria on the decision to reopen its land borders for ease of trade engagements particularly under the implementation phase of the African Continental Free Trade Area (AfCFTA) which took effect from January 1, 2021.
The President of man, Mansur Ahmed, who made the commendation at a forum in Lagos, said the AfCFTA has the potential to build Africa’s capacity to manufacture and change the narrative of African economy and give the continent a stronger voice and positioning in the global economy.
In his words, “ I am confident that there will be a tremendous opportunity for growth and development for each and every one if the countries that signed this agreement are willing to come together to make it a success. But this cannot come without challenges.”
President of MAN, Mansur Ahmed
Ahmed said the most worrisome envisaged challenge would be the issue of dumping as different governments and political leaders may not agree on a common ground.
“The dumping issue frankly is a matter of political will, there is need to ensure that all countries operate based on the rule of origin that has been agreed. But the difference is that while some countries will ensure that these regulations are complied with, others unfortunately may not do so, this calls for effective monitoring mechanism to be put in place to ensure that all countries do the right thing.’’ The MAN President said.
Comment here