The Rule of Origin is a criterion where participating countries must source their products locally. There is also a provision to guide against the transhipment of products outside the African market.
AfCFTA, If fully implemented, according to World Bank, is estimated to boost regional income by seven per cent or $450 billion speeding up wage growth and lifting 30 million people out of extreme poverty by 2035 and Nigeria is determined to get a fair share of this market with the introduction of the Product Authentication Mark , an initiative of SON to mitigate the impact of substandard products’ dumping in the country and counter fraudulent businesses in the region that may want to circumvent...
However, because of the rampant application of the Mark on non-certified products, SON now controls the printing of the features through physical and digital technology. The statement further explained that PAM was introduced to ensure effective control of non-complying products in the Nigerian market and to protect genuine importers from faking and product adulteration by ensuring that only SON-certified products are in the markets in the long run.
“In West Africa, Ghana, Sierra Leon and Liberia who even came to discuss with us have already started it and they are doing very well. Also, businesses in the country will ensure they have good manufacturing practices and satisfactory analysis reports for their products.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Insecurity: Remain Focused, Army Chief Tells TroopsThe Chief of Army Staff (COAS) Lt Gen Faruk Yahaya has commended troops of the Nigerian Army for their tremendous efforts in tackling the numerous security
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Prioritise Revamping Refineries, Tackling Corruption In Oil Sector Before Subsidy Removal, HEDA Tells Nigerian Government | Sahara ReportersA civil society organisation, Human Environmental Development Agenda (HEDA Resource Centre), has said the $800 million loan purportedly secured by the Nigerian Government from the World Bank will not solve the problems that will come as a result of fuel subsidy removal in the country. HEDA asserted that the loan is a ploy by the bank and government officials to further plunge the country into debt and provide opportunities to divert public funds under the guise of palliatives. They no go hear nah...ndi ara Remove subsidy and expedite collapse system collapse...Either way who cares 9mobileng what have we done to you in Nasarawa state ? NgComCommission we demand Justice and compensation for lack of service rendered to us and damages caused by 9mobileng for the past 6months this is unacceptable 9mobileStoleFromUs
Source: SaharaReporters - 🏆 9. / 63 Read more »
Insecurity: Remain Focused, Army Chief Tells TroopsThe Chief of Army Staff (COAS) Lt Gen Faruk Yahaya has commended troops of the Nigerian Army for their tremendous efforts in tackling the numerous security
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Prioritise Revamping Refineries, Tackling Corruption In Oil Sector Before Subsidy Removal, HEDA Tells Nigerian Government | Sahara ReportersA civil society organisation, Human Environmental Development Agenda (HEDA Resource Centre), has said the $800 million loan purportedly secured by the Nigerian Government from the World Bank will not solve the problems that will come as a result of fuel subsidy removal in the country. HEDA asserted that the loan is a ploy by the bank and government officials to further plunge the country into debt and provide opportunities to divert public funds under the guise of palliatives. They no go hear nah...ndi ara Remove subsidy and expedite collapse system collapse...Either way who cares 9mobileng what have we done to you in Nasarawa state ? NgComCommission we demand Justice and compensation for lack of service rendered to us and damages caused by 9mobileng for the past 6months this is unacceptable 9mobileStoleFromUs
Source: SaharaReporters - 🏆 9. / 63 Read more »
Christian Association Of Nigeria Threatens To Boycott Peak Milk Over ‘Offensive’ Good Friday Advert | Sahara ReportersThe Christian Association of Nigeria (CAN) on Monday described a recent social media advert by FrieslandCampina WAMCO Nigeria PLC, makers of Peak Milk as insensitive, offensive, and totally unacceptable. The dairy company had used the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday. CAN says it is considering sanctions against FrieslandCampina WAMCO Nigeria PLC, including a boycott of their products by their members and all well-meaning Nigerians who share our concerns. What makes Good Friday Good Na there problem, I go drink peak milk. They cannot jare. No be today. Make we no dey issue threat we no fit do. Na now you go know say Nigerians no really take religion seriously. If not e reach to stop using peak milk. But what do I know. My brother fit dey work there na and na bread winner
Source: SaharaReporters - 🏆 9. / 63 Read more »
Seven-Up, Eat ‘N’ Go Africa announce partnershipSeven Up Bottling Company (SBC), and Eat ‘N’ Go Africa Limited, the master franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry Yoghurt, market leader in the quick service restaurant sector in Nigeria have announced a partnership to provide refreshing food and beverage experiences for customers across the country. The partnership tagged ‘Confam Collabo’, will make SBC’s chain of products such as Pepsi, 7Up, Mirinda, Teem, Mountain Dew, Rockstar Energy Drink, Lipton Ice Tea, Supa Komando Energy Drink, H2Oh and Aquafina premium drinking water available to customers across over 175 Eat‘N’Go outlets across Nigeria, starting from Thursday, April 6, 2023.
Source: GuardianNigeria - 🏆 1. / 94 Read more »