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Even as other African economies had since keyed into the full implementation of the African Continental Free Trade Area (AfCFTA) Agreement, Tuesday, the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) promised to focus on full implementation of the AfCFTA Agreement, using digital ecosystem to boost trade.
The chamber argued that doing so is the only way the country could tap from the huge benefits presented by the trade agreement.
The new president and prominent Nnewi based manufacturing giant, Chief John Udeagbala, made the remark during the maiden press conference where he presented the association’s agenda during his tenure. He noted that the agreement was a giant leap towards increasing intra-African trade and creating collective wealth.
He advised small and medium enterprises (SMEs) to form clusters to gain edge and recognition as organised enterprises, said as clusters, they can work as a team and access funds in respect to the AfCFTA. He noted that SMEs find it difficult to access intervention and facilities due to their individualistic approach. Noting that the trade is a bold step to take Africans out of poverty, he said this is “why we have focused on it at this conference.
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