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    BREAKING NEWS
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    The African Continental Free Trade Area anticipated Port Reformation

    Posted On 27 Mar 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura–

    Photo Credit: Nairametrics

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The Nigerian House of Representatives on March 26th, 2021 announced that there was desire for serious reforms at the ports if nations wishes to get ultimate advantages from the Africa Continental Free Trade Agreement (AfCFTA).

    Talking at a public earshot on a bill to rescind the Export Prohibition Act, Chairman of the House Committee on Commerce, Hon. Femi Fakeye, announced that the many tariffs and unnecessary bureaucratic bottlenecks at the ports makes it difficult for exporters to export their goods out of the country.

    Fakeye noted that in a bid to address the bureaucratic blockages at the ports, some Nigerians have devised ways of sneaking their products to neighboring African nations from where, the goods are exported overseas.

    He stated: “why we are hemorrhaging in Nigeria is the civil service. We have layers of tariffs you have to clear at the ports. Whether you are importing or exporting even when what you are exporting is perishable.

    “Peoples that have found ways of beating all these red tape and get their yam to their friends across the border in Ghana are doing a lot of business.

    “I want to appeal that we do a lot of reforms now that we have AFCTA. We will not be able to fight back or win dollars back unless we reform how we do things at the border.”

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    10 Comments

    1. Grace March 27, 2021 at 3:18 am Reply

      Thank you for the report. Free trade is the solution. Grace in Dar es Salam Tanzania

      • New Africa Business News, Staff Correspondent March 27, 2021 at 3:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Johan March 27, 2021 at 3:22 am Reply

      African free trade is working beautifully, all over Africa. Johan in Cape town, South Africa

      • New Africa Business News, Staff Correspondent March 27, 2021 at 3:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Ata March 27, 2021 at 3:27 am Reply

      Thank you for reporting. The free trade in our great continent that just started in January of this year, is making a great change. Ata in Accra GHANA

      • New Africa Business News, Staff Correspondent March 27, 2021 at 3:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Kausiwa March 27, 2021 at 3:31 am Reply

      Movement of goods and services is changing Africa. Kausiwa in Lilongwe Malawi

      • New Africa Business News, Staff Correspondent March 27, 2021 at 3:32 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Amanda March 27, 2021 at 3:35 am Reply

      Thank you for your newsletters. Amanda in British Columbia, Canada.

      • New Africa Business News, Staff Correspondent March 27, 2021 at 3:37 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    • $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
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