AFCFTA: Stakeholders Seek Policies to Boost Infrastructure Development
Stakeholders in both the public and private sectors have called on the federal government to develop and implement policies geared towards infrastructure development.
This, according them, is to enable the country to draw maximum benefits of the proposed Africa Continental Free Trade Area (AfCFTA), which takes effect from July 1, 2020.
They also emphasized the need to ensure that the country’s trade negotiators are well armed with adequate knowledge, skills and awareness of the geopolitics that comes into play in trade negotiations with partners.
According to them, these essential
skills will ensure successful negotiations that aids economic development and
market dominance for Nigeria.
The stakeholders conveyed their position in a communique issued at the end of the joint private and public sector consultative forum on trade in services which was convened by the Nigerian Office for Trade Negotiations (NOTN).
They argued that it was in the interest of Nigeria to play a prominent role in the ongoing negotiations at both regional and continental levels of it must optimize the benefits of AFCFTA, adding that public acceptance and credibility of the outcome of the consultations depended greatly on the professionalism, attitude and skills of negotiators and robust preparations.
Participants further expressed appreciation for the considerable efforts made by President Muhammadu Buhari, by directing the sensitisation and consultations with relevant players in the economy.