AfCFTA: Nigeria To Benefit From $900bn Global Shipping Business

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As deliberations and ratification of the African Continental Free Trade Area (AfCFTA) continues, the president of Ship Owners Association of Nigeria

, Dr Mark George Onyung, has said that Nigeria would benefit from over $900 billion daily global shipping business.

“Apapa wharf has turn to a slump, wharf has no business in the city. There is so much congestion in Apapa, the wharf is right in Ajegunle.The fastest way to move container out from the wharf is through barges, and just one barge would put 71 trucks off the roads, thereby reducing accident on our roads as well as saving money and time. We can take container to anywhere in Africa,” he stressed.

Earlier, the secretary-general, AfCFTA, Mene Wamkel, said, he was glad to hear that Nigeria is ready to deposit the in- strument of ratification of the AfCFTA, hence, looking forward to Nigeria’s leadership in AfCFTA. “Whatever decision we take at the secretariat would be informed by what Africa wants, we will put up any design that will not support what Africa wants. We would implore dig- itization, and fintech will drive financial inclusion. We would drive trade inclusion through fintech that would be affordable, accessible and available.

 

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Please, don't mislead Nigerians. Only the elite or ppl in corridor of power will definitely benefit from such.

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