AfCFTA Success Depends on Fixing Nigeria's Trade Challenges
Nigeria, June 19 -- The News Chronicle reports that the association warned that although AfCFTA offers huge opportunities for economic growth and regional trade, local businesses may struggle to benefit if key obstacles remain unresolved. APFFLON President Frank Ogunojemite noted that manufacturers, exporters, freight forwarders and small businesses continue to face rising production costs, poor infrastructure, unstable power supply, foreign exchange difficulties and burdensome port charges.
The group stressed that access to funding alone cannot solve the challenges affecting Nigeria's competitiveness in regional markets. It called on the Federal Government to prioritise port reforms, improve transport infrastructure, simplify exp...
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