The Lagos State Governor, Babajide Sanwo-Olu, has said the state government will set up a committee to liaise with the Federal Government’s committee on African Continental Free Trade Area to streamline the trade agreement with the state’s economic agenda.
Sanwo-Olu stated this on Tuesday when he received the Minister of Industry, Trade and Investment, Niyi Adebayo, who led members of the National Action Committee on nationwide sensitisation on AfCFTA to the State House in Alausa.
The governor noted that the sustained investment in infrastructure in the state was a deliberate attempt to position the state’s economy for more inflow of trade and economic partnership.
According to him: “We are ready to work with the national action committee to domesticate the agreement for a good outcome.
“As a commercial centre, we will play a leadership role in the comity of states.
“We know there is a need to scale up investment in infrastructure and build the capacity to be able to take full advantage of what AfCFTA has to offer for our economy.
“This effort will be sustained so that Lagos can be fully positioned to benefit from the free trade agreement.”
Sanwo-Olu explained that the state had started to build capacity and put in place requisite services to pave the way for free trade.
The minister on his part noted that the AfCFTA agreement sought to create a single market for goods produced on the continent, adding that since Lagos remained the arrowhead state for Nigeria’s export trade expansion, it was uniquely positioned to take full advantage of the AfCFTA agreement.
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