AFCFTA: Sanwo-Olu pledges state’s readiness for trade partnerships


As part of efforts to sustain infrastructure development in the state, Lagos state governor, Babajide Sanwo-Olu says his administration is making a deliberate attempt to position the State’s economy for more inflow of trade and economic partnership

The Governor made the pledge when he received the Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, who led members of the National Action Committee on nationwide sensitisation on African Continental Free Trade Area (AfCFTA), which the nation entered into to deepen economic integration among African countries.

Sanwo-Olu said the State was ready to take advantage of AfCFTA for growth, stressing that a local action committee would be set up by the State Government to liaise with the Federal Government’s committee in order to streamline the trade agreement with the State’s economic agenda.

“I congratulate President Muhammadu Buhari and the leadership of African Union who worked tirelessly to come to this trade agreement, which is on our continent’s interest. As a sub-national player, Lagos has quietly observed and waited for a time when we can take full advantage of the agreement for economic collaboration.

“We are ready to work with the National Action Committee to domesticate the agreement for good outcome. As commercial centre, we will play leadership role in the comity of States. We know there is need to scale up investment in infrastructure and build the capacity to be able to take full advantage of what AfCFTA has to offer for our economy. This effort will be sustained so that Lagos can fully be positioned to benefit from the free trade agreement.”

Sanwo-Olu further explained that AfCFTA fitted into Lagos’ economic development blueprint, pointing out that the State had started to build capacity and put in place requisite services to pave the way for free trade.

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