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Prospect from the signing of the African Continental Free Trade Area – AFCFTA

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By Daniel Atayi

From a definite perspective, trade involves the transfer of goods or services from one person or entity (country, corporation, conglomerate), to another, often in exchange for money and others. A bilateral agreement in a memorandum of understanding. A system or network that allows trade is a market.

President Muhammadu Buhari signed Nigeria into the African free trade Market in the first week of July 2019. Nigeria and South Africa were the only two countries left out of the Trade Pact, but by the appenditure of Mr President at Niamey, Republic of Niger, only South African is then left to sign amongst the 53 Countries of Africa.

Nigeria has never been a poor country and a consuming nation after her independence from British rule. Up to the 80s, we had numerous industries that have become moribund and obsolete in production. We hope that this AFCFTA pact, could revamp the following industries that provided millions of job for Nigerians of all cadres:

1. Dagazau Carpet in  Kaduna

2. Okin Biscuits of Kwara
3. Benue Brewery
4. Benue Burn Bricks in Otukpo
5. Taraku Mills in Benue
6. Nasco Carpet- Jos
7. Berec Batteries-Lagos
8. Leyland Trucks- Ibadan
9. Steyr Trucks- Bauchi
10. Oshopey Lights- Lagos
11 Jobitex Sardine-Lagos
12 Debo Electronics-Lagos
13 Volkswagen in Lagos
14 Jos Breweries producing Rock
15 Bendel Breweries -Skol
16 Bata- Lagos
17 Afprint Textiles Lagos
18 PAN Kaduna
19 ANAMCO in Anambra
20 Bedford Trucks Ogun
21 SCOA
22 Kingsway
23 Leventis
Benue Cement ( now Dangote Cement) in Gboko
24 Ado Cement in Ado LGA of Benue State
25 Enugu Coal industry
26 Ibru Fisheries
27 Gongoni petrochemicals kano
28 Henkel petrochemicals
CFAO, Kaduna
29 PZ
30 Niger Hydro Company
31 Arewa Textiles Kaduna
32 Vegfruits Jos
33 Nifor Benin
34 Dunlop tyres Port Harcourt
35 Michelin tyres Lagos
36 NAFCON Port Harcourt

37 Groundnut pyramids of Kano
38. Ondo Cocoa industry,
39. NNPC refineries and a host of other trade products.

The FGN and State govt. Must be determined to use the financial autonomy to local govt. Areas in the discovery and reestablishment of local industries in the areas, as this would create and give employment to thousands of youths and able-bodied men in our society.

It is important to note that job creation could only be possible when our industries are functioning optimally to boost economic development and better livelihood. We must know that when citizens are empowered, crime rate and miscreancy disappear from our society, creating a better livelihood for citizens.

This has been the true independence that guarantees economic diversification and independence. The true dream of our Heroes past and presence.

Therefore, all forms of bureaucracy and political schemes must be checked against the governance and development of our nation.

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