Ernest Azudialu-Obiejesi, chairman of Nestoil Limited, has called for enforcing the local content law to build and protect local capacity.
“His intellectual prowess is unmatched, he is resolute and undaunted in whatever he does,” he said.
Inaugurated in 2018, the AfCFTA aims to create a single continental market with a combined GDP of approximately $3.4 trillion.
He expressed concerns about infrastructural deficits, particularly in transportation.
The bill should be embraced as an instrument for creating the enabling business environment the continent needs to achieve Agenda 2063.”
The signing ceremony was held on Wednesday in Lagos.
With 54 countries in Africa, it would be interesting to test a continental payment clearing house that is not even contemplating optimum currency area.
AfCFTA is a free trade area encompassing most of Africa. It was established in 2018.
“Thanks to AfCFTA, the continent is no longer a helpless bystander as developed countries pursue their strategic interests at Africa’s expense.
Nigeria can be an industrial base that will attract manufacturing investments from the U.S., apart from “also being a potential market for our goods.”
