For immediate release
Media Advisory
Nigeria Set to Commence Preferential Trade under the AfCFTA Guided Trade Initiative (GTI)
Date: Tuesday, 16 July 2024
Time: 0900 hours
Venue: Apapa Port, Lagos
Overview: Nigeria is set to launch Preferential Trade under the AfCFTA Guided Trade Initiative (GTI). This event aligns with the vision of Africa’s founding fathers for a united, prosperous continent and supports the administration’s renewed hope agenda.
Event Details:
• Organizers: Nigeria AfCFTA Coordination Office and the AfCFTA Secretariat
• Purpose: To showcase Nigeria’s readiness for preferential trading under AfCFTA and demonstrate how businesses can leverage the GTI to enhance trade across Africa.
Key Objectives:
• Demonstrate Nigeria’s trading capabilities under AfCFTA.
• Showcase the processes for effective engagement with AfCFTA.
• Highlight government and AfCFTA Secretariat support for private sector participation.
Significance: The launch marks Nigeria’s participation in the second phase of the GTI, targeting markets in Kenya, Cameroon, Uganda, Zambia, and Egypt. This event underscores Africa’s readiness to trade within the continent under the AfCFTA framework.
Quotes:
• “Nigeria’s preparedness for preferential trading under AfCFTA will reposition the continental market as a global trade hub. We are ready to unleash an army of exporters into Africa.” Olusegun Awolowo, National Coordinator, Nigeria AfCFTACoordination Office:
• “Everything Africa needs for Africa is already in Africa.” Awolowo
Expected Attendees:
• President of the Federal Republic of Nigeria
• Secretary to the Government of the Federation
• Secretary-General of the AfCFTA Secretariat
• Ministers of Trade, Industry, Investment, Finance, and Economy
• Other Government Officials and Ministers Responsible for Trade
• Diplomatic Corps and International Development Partners
• Heads of Businesses and Press from across the continent
Contact: Mr. Olusegun Olutayo
Senior Trade Policy and Law Expert / Lead Trade Enablement
Nigeria AfCFTA Coordination Office