• Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
Monday, March 27, 2023
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      Abdulrazak Ibrahim

      Abdulrazak Ibrahim: Celebrating Nigerian Genetic Engineer

      President Muhammadu Buhari, President of Nigeria

      Buhari Rejects NASS Bill To Summon President, Govs

      CEO, Araba Tech, Amb. Segun .H. Olugbile

      Araba Tech Boss Receives ‘PAN African Technology Icon Of the Year’…

      Hon. Anthony Chinasa-Abiola

      PRNigeria Fact-Check Reveals Identity of Abia Assembly’s Member-Elect, Anthony Abiola

  • Business
    • Central Bank of Nigeria, CBN

      Credit To Private Sector Increase By N212bn In February

      Foreign Airlines

      Airfares Rise As Foreign Airlines Hike Exchange Rate

      Jumoke Oduwole, the Special Adviser to the President on Ease of Doing Business

      Gombe Retains Top Position As Easiest State For Business – PEBEC

      Nigerian Stock Exchange, Stock, Nigerian Exchange Limited

      In One Week, Stock Investors Record N13bn Loss

      Stacks of Dollar Bills, Dollar

      Foreign Reserves Drop By $1.43bn In Ten Weeks

  • Features
    • AllInsightOpinion
      Buhari and Emefiele with at eNaira launch

      E-Naira: Simplifying Financial Inclusion for the Downtrodden, by Abdulrahman Abdulraheem

      Abdulrazak Ibrahim

      Abdulrazak Ibrahim: Celebrating Nigerian Genetic Engineer

      Nigeria Population

      Nigeria’s Population is a lot less than 220 million, by Tope…

      E-Naira, Godwin Emefiele, CBN

      e-Naira: Taking Agriculture in Nigeria to New Technological Heights, by Abdulrahman…

  • FAAC
    • FAAC

      FAAC: FG, States, LGAs Share N722.677 for February

      FAAC

      Kano, Lagos, Get Massive Share As LGs Share N2trn

      FAAC

      FG, States, LGCs Share N990.189bn In Dec 2022

      FAAC

      FAAC Shares 902.053 billion for November

      FAAC

      Fuel Subsidy Unsustainable, Rising Public Debt Worrisome – FAAC

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      Old Naira Notes

      Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls

      Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms

      TAX

      FG Announces Removal Of 5% Tax On Calls, Data

      Court Judiciary Justice, Court, Judiciary

      FG Loses Suit To Recover N70trn Loot Over Poor Prosecution

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Yusuf Alli @60: Unveiling an Investigative Journalist Par Excellence

      Pantami’s grand exposés on Cybersecurity and the Datafication of Society

      The Inimitable Kongi at 88

      The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo

      Adeniyi Adebayo: Unsung, Silent Strides in Economic Diversification

      Shettima: Nigeria’s Modern Day Philosopher-King

  • Special Focus
    • Maraba Takushara Community

      SPECIAL REPORT: Maraba Takushara, an FCT Community Under Siege… So Close…

      Yahaya Bello’s Health Initiatives: Building Nigeria of his Dreams in Kogi

      Model Science Secondary School: Yahaya Bello’s Gift to Future Generations

      Yahaya Bello, PWDs and the Love of Humanity

      Travelogue: Yahaya Bello and the Audacity to Dream (1)

Home Financial Monetary FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road
  • Financial
  • Monetary

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road

By
Economic Confidential
-
November 12, 2020
Minister of Information and Culture, Lai Mohammed
Minister of Information and Culture, Lai Mohammed
FIRS

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road

 

 

 

 

The Federal Government on Wednesday ratified Nigeria’s membership of the African Continental Free Trade Area.

The decision was taken at the weekly meeting of the Federal Executive Council presided over by President Muhammadu Buhari.

The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this to State House correspondents at the end of the meeting at the Presidential Villa, Abuja.

AfCFTA was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations.

The main objectives of the AfCFTA are to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Customs Union.

Mohammed said with the ratification, Nigeria has beaten the December 5, 2020 deadline set for all countries to ratify their membership.

The minister said, “The Minister of Industry, Trade, and Investment presented a memo today (Wednesday) asking the Federal Executive Council to ratify Nigeria’s membership of the African Continental Free Trade Area.

“You remember that on July 7, 2019, Nigeria signed the AfCFTA agreement in Niamey during the 12th Extraordinary Session of the Assembly of the African Union.

“The effective date ought to have been July 2020. But as a result of the pandemic, it was postponed to January 1, 2021 and all member-states were given up to December 5 to ratify the agreement. That is precisely what Nigeria did today.”

The Minister of Works and Housing, Babatunde Fashola, said the council also approved N62.7bn for the construction of Kano-Dawakin Tofa-Gwarzo road linking Kano and Katsina States.

“The Ministry of Works and Housing presented one memorandum for the construction of Kano-Dawakin Tofa-Gwarzo-Dayi road and it was approved for N62.7bn, to be executed in 24 months,” the minister said.

The Minister of Communications and Digital Economy, Dr Isa Ali Pantami, also disclosed that the council approved the registration of about three million Internally Displaced Persons taking refuge in camps across the country.

He said the approval was meant to enable the government to ascertain their number and make adequate provisions for their wellbeing.

He named Borno as the state with the highest number of IDPs which he put at 1.4 million while he said Ondo State has the lowest figure of 1,024 persons.

The Minister of Health, Dr Osagie Ehanire, said the council also approved the introduction of platonic medical records and management for the National Health Insurance Scheme.

latest naijanews

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

 
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • AfCFTA
  • Borno
  • CFTA
  • Federal Government
  • FG
  • IDP
  • Isa Ali
  • Kano
  • Kano-Katsina Road
  • Katsina
  • Lai Mohammed
  • muhammadu buhari
  • N62.7 Billion
  • Niger
  • Ondo
  • Osagie Ehanire
Previous articleAbuja Court Grants Bail to EndSARS Protesters, Cautions Media against Sensationalism
Next articleInternet Economy In Nigeria To Reach $180bn In 2025
Economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

Old Naira Notes
Financial

Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls

Court Judiciary Justice, Court, Judiciary
Monetary

FG Loses Suit To Recover N70trn Loot Over Poor Prosecution

Business

Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS

Value Added Tax
Monetary

Buhari’s Reign: FG Rakes In N10trn VAT in 8 Years – NBS

Old Naira Notes
Monetary

Old N200, N500, and N1,000 Bank Notes Remain Legal Tender – CBN

Pension
Monetary

Pension Investments In FGN Securities Rise To N9.64trn

SEMA

Book on Sales: Boko Haram Media War: An Encounter with the Spymaster

boko haram

Click Here: To Order Now!

PRNigeria FEEDS

Loading RSS Feed

EDITOR PICKS

Buhari and Emefiele with at eNaira launch

E-Naira: Simplifying Financial Inclusion for the Downtrodden, by Abdulrahman Abdulraheem

Opinion March 27, 2023
Abdulrazak Ibrahim

Abdulrazak Ibrahim: Celebrating Nigerian Genetic Engineer

News March 27, 2023
Central Bank of Nigeria, CBN

Credit To Private Sector Increase By N212bn In February

Business March 27, 2023

POPULAR POSTS

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business10113
  • Monetary2759
  • Financial2424
  • Featured Post2195
  • National News1886
  • News1844
  • Editors Pick1678
  • Opinion1072
  • Features707
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
© 2017 Economic Confidential . All Rights Reserved.
X whatsapp