Anatogu said the strategy was developed to achieve the African Continental Free Trade Area objectives.
“On this pillar, our priority is to fulfil all national requirements to enable Nigerian businesses to commence trading under AfCFTA once the necessary legal documentation becomes available from the AfCFTA secretariat,” he said.“So far, Nigeria Customs Service has been designated as Nigeria’s competent authority for the administration of the rules of origin.
According to him, a sub-national AfCFTA programme is already underway to support states to develop their strategies for intra-African trade. Further speaking on the pillars, he said the third is trade facilitation, reducing time and cost of trade by simplifying, modernising and harmonising import and export processes and procedures.It also focuses on the automation of administrative and regulatory compliance processes.
According to him, this is evidence of the existing challenges in the quality of trade and transport infrastructure, ease of arranging competitively priced shipping, timeliness, and ability to track and trace shipments.
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