• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 13, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Kalu Seeks Implementation Of AfCTA In West Africa

James Kwen by James Kwen
4 months ago
in News
Benjamin Kalu
Share on WhatsAppShare on FacebookShare on XTelegram

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, has called for an urgent shift from what he described as “paper integration” to “functional integration” in the implementation of the African Continental Free Trade Area (AfCTA) within the Economic Community of West African States sub-region.

Kalu made the call during his contribution at the Parliamentary Seminar titled “Deepening Regional Integration Through the African Continental Free Trade Area (AfCFTA): Opportunities and Challenges for Expanding Intra-Community Trade Within ECOWAS,” held in Abuja on Monday.

Addressing his colleagues, the Deputy Speaker noted that while intra-African trade rose to $220.3 billion (16%) in 2025, intra-ECOWAS trade remains stagnant at 11.5%, despite the region’s vast $3.4 trillion market potential.

Kalu, in a statement by his Special Assistant on Press Affairs, Udora Orizu, lamented that logistical and administrative bottlenecks continue to undermine progress.

He emphasised that bridging the gap between aspiration and reality requires deliberate action, particularly in infrastructure and enforcement.

 

Describing the Abidjan–Lagos corridor as the backbone of the regional economy, he said it remains an unfinished promise.

 

However, he stressed that beyond physical infrastructure, administrative inefficiencies pose even greater challenges.

 

Kalu said, “In today’s geopolitical climate, AfCFTA is no longer just a trade agreement; it has become the strategic engine that must power Africa’s industrial resilience and survival. In a world of fragmenting global supply chains, Africa must trade with itself to thrive. While intra-African trade successfully climbed to $220.3 billion (16%) in 2025, our ECOWAS sub-region remained stuck at 11.5%. We are talking about a $3.4 trillion market potential, yet we still struggle to move a truck from Lagos to Abidjan.

RELATED NEWS

Police Rescue 4-year-old, Nab 2 After N5m Ransom Demand

Pastor Bags 49 Years For Impregnating Daughter, Aiding 3 Abortions

DEMOCRACY DAY: Governors Renew Commitment To Good Governance, Security, Democratic Ideals

 

“To bridge the gap between our high-level aspirations and our regional reality, we must, as a matter of urgency, transition from the diplomacy of ‘Paper Integration’ to the tangible impact of ‘Functional Integration.’ This requires a relentless focus on two critical levers. Infrastructures and the Implementation Gap. The Abidjan-Lagos corridor, which is the backbone of our regional economy, remains an unfinished promise.

 

“But currently, it is not just the potholes that cost us; it is the administrative friction. We can build a six-lane highway, but if a truck spends 14 hours at a border due to red tape, that highway is just an expensive parking lot. We don’t just need a mechanism to report Non-Tariff Barriers (NTBs); we need a regional body with actual enforcement powers to penalise the bureaucratic delays that strangle our supply chains.”

 

On monetary integration, the Deputy Speaker urged ECOWAS leaders to adopt a pragmatic approach.

 

While acknowledging decades of discussion about a single regional currency, the Eco, Kalu described full macroeconomic convergence as increasingly unrealistic under current conditions.

 

Instead, he advocated prioritising the Pan-African Payment and Settlement System (PAPSS), describing it as a functional and immediate solution to regional trade payment challenges.

 

“The Digital Switch: PAPSS over the ‘Eco” For decades, we have chased the dream of a single currency (the Eco). It is time for a reality check. Total macroeconomic convergence is a 20th-century mirage. Instead, we need to strategically direct our energy toward the Pan-African Payment and Settlement System (PAPSS). The Reality is that PAPSS provides some of the key benefits of a single currency, including instant settlement in local currencies, without sacrificing national sovereignty.

 

“It also eliminates the ‘Dollar-dependency’ that costs Africa $5 billion annually in transaction fees. Why wait in perpetuity for a shared banknote when we can solve the payment problem today with a digital switch? Let us stop debating whose face goes on a currency that does not exist and start connecting central banks to a system that already works.

 

“By prioritising the Guided Trade Initiative (GTI), we make the AfCFTA a reality for the manufacturer in Aba, the agro-processor in Cote d’Ivoire, and the small-scale trader in The Gambia,” the deputy speaker said.

 

 

 

 

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
James Kwen

James Kwen

James Kwen is a journalist with Leadership Media Group with 15 years of experience, currently covering politics, including the National Assembly (House of Representatives), APC, INEC, and allied beats.

OTHER NEWS UPDATES

Inspector Injured, 11 Nabbed As Hoodlums Invade Delta Police Station
News

Police Rescue 4-year-old, Nab 2 After N5m Ransom Demand

29 minutes ago
Police Arrest 2 For Swindling Father Of Convict N4.6m
News

Pastor Bags 49 Years For Impregnating Daughter, Aiding 3 Abortions

31 minutes ago
DEMOCRACY DAY: Governors Renew Commitment To Good Governance, Security, Democratic Ideals
Feature

DEMOCRACY DAY: Governors Renew Commitment To Good Governance, Security, Democratic Ideals

39 minutes ago
Next Post
Kano’s Bayero Mall Reopens After After Fire Incident

Ado Bayero Mall Dismisses Online Sale Speculation

Advertisement

LATEST UPDATE

Firm Calls For Cross-sector Collaboration To Harness AI Against Counterfeiting

7 minutes ago

Airtel Africa Foundation Commits $6.2m To Education, Digital Inclusion

8 minutes ago

Warri Federal Constituency II: Warring Parties Agree To Power Sharing After Tinubu Intervention

13 minutes ago

NICE Urges Engineers To Embrace AI For Infrastructure Development

13 minutes ago

Nigeria Advocates Urgent Shift From Gas Abundance To Access

15 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.