AFCFTA: Afreximbank Allocates $500m To Empower Nigerian Manufacturers

0
382
AFREXIMBANK

AFCFTA:Afreximbank Allocates $500m To Empower Nigerian Manufacturers

 

African Export-Import Bank (Afreximbank), says it will allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to empower Nigerian manufacturers.

Afreximbank president, Benedict Oramah, made this known while speaking at the annual lecture which was part of the 47th annual general meeting of the Manufacturers Association of Nigeria (MAN).

Oramah said the allocation will be used to help Nigerian manufacturers take advantage of the opportunities offered by the African Continental Free Trade Area (AFCFTA) agreement.

“This would also support them to adjust to any difficulties that might arise due to the implementation of the AfCFTA agreement, he continued, adding that Afreximbank officials would meet with representatives of MAN to work out the implementation modalities, terms and conditions for the facility,” a statement released by the bank’s communications team read.

“By 2022, the AfCFTA was expected to bring the share of intra-African trade from current levels of about 16 per cent to 22 per cent, bringing total intra-African trade to about $250 billion dollars, from about $160 billion.

“The preferences that the AFCFTA offers can make Nigerian manufactured goods more competitive in many African markets and can also make it possible to achieve integration into regional and global supply chains.”

Add 0808 390 9209 to receive SKYTREND NEWS alerts on whatsApp;

For adverts enquiries, whatsapp 0803 385 7245,

Send Articles & News Stories To editor@skytrendnews.com.

 

 

<script async src=”//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js”></script>

<ins class=”adsbygoogle”

style=”display:block”

data-ad-format=”autorelaxed”

data-ad-client=”ca-pub-1865128810542670″

data-ad-slot=”9876284784″></ins>

<script>

(adsbygoogle = window.adsbygoogle || []).push({});

</script>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/14/nigerian-central-bank-approves-disbursement-of-loans-for-creative-industries-at-9/” target=”_blank” rel=”noopener noreferrer”>Nigerian Central Bank Approves Disbursement Of Loans For Creative Industries At 9%</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/16/tony-elumelu-to-empower-1000-northern-entrepreneurs-with-5000-each/” target=”_blank” rel=”noopener noreferrer”>Tony Elumelu To Empower 1,000 Northern Entrepreneurs With $5000 Each</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/10/how-to-empower-yourself-and-generate-income-from-mutual-funds/” target=”_blank” rel=”noopener noreferrer”>How To Empower Yourself And Generate Income From Mutual Funds</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/05/19/is-n-power-truly-empowering-nigerian-youths/” target=”_blank” rel=”noopener noreferrer”>Is N-Power Truly Empowering Nigerian Youths?</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/16/how-nigerian-govt-can-lift-100million-people-out-of-poverty-tony-elumelu/” target=”_blank” rel=”noopener noreferrer”>How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/08/tradermoni-poverty-alleviation-or-political-leverage/” target=”_blank” rel=”noopener noreferrer”>TraderMoni: Poverty Alleviation Or Political Leverage?</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/05/19/is-n-power-truly-empowering-nigerian-youths/” target=”_blank” rel=”noopener noreferrer”>Is N-Power Truly Empowering Nigerian Youths?</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://cobrareview.com/gtbank-737-disservice-how-to-kick-your-customers-in-the-butt/” target=”_blank” rel=”noopener noreferrer”>Gtbank 737 Disservice: How to Kick Your Customers in the Butt!</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”https://skytrendnews.com/2019/06/09/north-remains-headquarters-of-poverty-in-nigeria/” target=”_blank” rel=”noopener noreferrer”>Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu</a></span></em></strong>

 

READ ALSO! <strong><em><span style=”color: #0099cc;”><a href=”http://naijashowbiz.com/2019/06/01/love-life-illusion-doesnt-exist-anywhere//” target=”_blank” rel=”noopener noreferrer”>The Love Of Your Life Is An Illusion: It Doesn’t Exist Anywhere!</a></span></em></strong>