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AfCFTA boosts intra-African trade by 20% — UNECA

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The Economic Commission for Africa (UNECA) said the African Continental Free Trade Area (AfCFTA) increased intra-African trade by 20 per cent in 2022.

This is against the commission’s prediction of 52 per cent by 2022.

Speaking on the sidelines of the Ninth Session of the Africa Regional Forum on Sustainable Development in Niamey, Niger, Antonio Pedro, Acting Executive Secretary, UNECA, said the level of trade had increased.

Pedro was then asked if the commission had achieved the objective of 52 per cent intra-African trade.

“Certainly not yet. But the levels of intra-African trade have gone up from 13 per cent or so, before the African Continental Free Trade Area agreement was adopted, to now around 20 per cent but that is not good enough because other regions are trading amongst themselves.

“I mean, above 70 per cent or so Europe, Asia. So, that certainly is our target.”

The acting executive secretary said the rise in intra-African trade, however, was already encouraging certain countries to trade amongst themselves.

“Under the AfCFTA Trade Division, Kenya, a couple of other countries Ethiopia and so on and so forth.

“So now it’s really about scale, it is about making these movements that cover the entire continent.

“One is to look at the product complementarity between our countries, so we could have African countries trading inputs with another country where, perhaps, you have a much larger processing capacity and one example that I like to cite is between, for example, Gabon and Cameroon.

“Cameroon has processing facilities for palm oil products that require additional inputs coming from the sub region, and in this case, one could look at certain processed palm oil products coming from Gabon being processed in Cameroon to produce from soaps to oils to all sorts of other things.”

Pedro said these were some of the efforts which needed to happen.

He said the commission was making a trade decision supporting modelling, which was an exercise to identify the best export destinations for African countries.

However, he said the distance within African countries was much farther away than the distance between Africa and other continents.

“In the case of Cameroon that we have done one study; Nigeria certainly is the closest trade destination, however, what is very interesting is that a country that is not far from Cameroon which is the Democratic Republic of Congo (DRC) is trade distance.

“Countries that are miles away, China and the U.S. are closer trade wise to Cameroon than DRC.

“Why is it that DRC is a trade distant is because there are issues with infrastructure. There are issues with essentially the connections and we need to address those binding constraints to Africa trading amongst themselves such as infrastructure.

“Some are hard infrastructure that we need to invest in improving links between our respective countries, others are soft infrastructure.”

The acting executive secretary also said protocols that had been approved and some that were in the pipeline needed to be mainstreamed and domesticated in national legislation.

 

“We still have situations where the customs departments are not aware. I mean, we are already trading within these AfCFTA trade regimes and they do not know what is the list of 90 per cent of products that can be traded without barriers or levies.

“We do not face problems in trading, and also communication about the AfCFTA needs to be improved within government departments.”

Pedro also said information needed to reach the operators on ground so when companies or individuals were exporting, they were not faced with all sorts of barriers.

“That is why the implementation of the African Continental Free Trade Area rests also in the accelerated implementation of the boosting intra African trade data Action Plan.

“Basically, data is about addressing the binding constraints to celebrating intra African trade which are again, a combination of hard and soft issues.”

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Woman killed while crossing road in Anambra

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The Federal Road Safety Corps (FRSC), Anambra State Sector Command, has confirmed the death of a woman in an accident at Okpoko Market on the Asaba-Onitsha Road.

The Sector Commander, Mr Adeoye Irelewuyi, who confirmed the accident to journalists in Awka on Thursday, said that the woman was hit while she was crossing the road.

He said that the accident, which occurred on Wednesday, involved a commercial tow truck with registration number XA550BMA.

“Eyewitness report reaching us indicates that the truck was towing a vehicle in an uncontrollable speed along the axis.

 

“The vehicle that was being towed got detached from the tow truck.

“It hit and killed a female adult, who was said to be crossing the road, while the tow truck continued its movement.

“FRSC rescue team came to the scene and took the woman to Toronto Hospital, Onitsha, where she was confirmed dead and her body deposited at the hospital’s mortuary,” he said.

While sympathising with the family of the dead, the sector commander urged motorists, especially tow truck drivers, to exercise a high level of professionalism.

He also urged the drivers to always use standard equipment and avoid speeding.

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LASG’s maize palliative impactful, says poultry association chair

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The Chairman, Poultry Association of Nigeria (PAN), Lagos State Chapter, Mr Mojeed Iyiola, said the state government’s maize palliative to members of the association made a positive impact on the sector.

Iyiola said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.

“We received about 150,000 tons of maize in February from the Lagos State government as palliative to cushion the effect of high feed prices.

“The major benefit of the palliative is that it actually cushioned the cost of production for most poultry farmers in the state.

“The palliative was beneficial as it made the cost of some poultry produce, especially eggs to drop,” Iyiola said.

He noted that prior to the palliative, a crate of egg was sold between N3,500 and N3,700 at the farm gate, but after the palliative, it now sells between N3,200 and N3,400.

According to the PAN chair, retailers and middlemen who sell from N3,800 to N4,200 do that for their personal gain.

 

“We have urged our members to sell their eggs at reasonable prices following the receipt of the palliative from the government.

“We appreciate the Lagos State government for the palliative but we also urge the federal government to do likewise, to further reduce the cost of production in the sector.

“This will consequently lead to drop in the prices of all poultry produce across board,” he said.

He said the palliative was shared among financial members of the association at no extra cost.

“As an association we shared the grains equally across PAN’s eight zones in the state equally. We also mandated each zone not the sell even a grain of the maize.

“We, however, considered new poultry farmers who wanted to the join the association as beneficiaries of the palliative,” said Iyiola.

He noted that through the palliative, more poultry farmers were recruited into the association.

“The maize was shared only to poultry farmers and not feed millers, it is the major component of poultry feed formulation,” he said.

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