NAFDAC DG URGES MSMES TO LEVERAGE ON AFCFTA TO EXPAND MARKET FRONTIERS

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BY-DEJI OGUNSOLA

Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof Mojisola Adeyeye, says Nigeria’s participation in the Africa Continental Free Trade Area Agreement will usher in huge economic benefits, including a $2.5 trillion dollar Gross Domestic Product.

Adeyeye stated this to Micro, Small and Medium Enterprises in the country, in a statement made available to the NewsMEN, in Abuja, TODAY, by Resident Media Consultant to NAFDAC, Mr Sayo Akintola.

The Africa Continental Free Trade Area Agreement, which covers Trade in goods and services, investment, intellectual property, Rights and competition policy, aims to create a single market for goods and services from across the African Union’s  55 member states.

The agreement was adopted at the 10th extraordinary session of the African Union assembly in Kigali, Rwanda, on March 21, 2018, with the aim to create a single market as well as deepening the economic integration of the African continent.

She urged Micro, Small and Medium Enterprises to, therefore, take advantage of the trade zone to expand market frontiers for Nigerian exporters of goods and services.

SOURCE-THE GUARDIAN

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