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By Merit Ibe
Secretary of the National Action Committee (NAC) on African Continental Free Trade Agreement (AfCFTA), Francis Anatogu, has said the inter-African trade policy would reduce poverty in Nigeria and boost the wealth-creating capacity of the citizens when it fully takes off.
Anatogu, who made the statement in Lagos, described the regional trade pact as a process that would benefit generations to come but noted that inter-agency collaboration was necessary if Nigeria would make the best of the agreement, adding that those who would enjoy the benefits “are probably still in primary schools.”
He disclosed that his committee was in discussions with relevant agencies on areas of collaboration. He said it was in the interest of all Nigerians to make AfCFTA, which is expected to boost trade among African countries, deliver on its tall ambition. “Intra-African trade will pull millions out of poverty. Nigeria has huge potential. The global cosmetic market is a N32 billion industry, but we must produce competitively to sell to the rest of the world,” he argued.
Anatogu said the committee would work with the cosmetic manufacturers to prepare them to take maximum advantage of the agreement.
