African Free Trade Agreement: Nigeria issues strong warning

Minister of Industry, Trade and Investment, Adeniyi Adebayo, has warned that Nigeria will not tolerate smuggling and importation of substandard products.

Assuring that Nigeria will fully implement the terms of the African Continental Free Trade Agreement (AfCFTA) and uphold its commitments on trade and regional integration, Adebayo said the government will not allow any move to jeopardise the economy.

The minister, who spoke at the National AfCTA Forum in Lagos, noted that predatory trade practices undermines the nation’s development efforts and destroy local industries, leading to job losses.

“We also will not allow rogue traders to manipulate the rules of origin and disguise goods from outside the continent as made in Africa so as to qualify for duty free passage,” he…

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