• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Lagos Free Zone Urges Unlocking AfCFTA Full Potential

by Yusuf Babalola
2 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

African governments have been called upon to unlock the full potential of the African Continental Free Trade Area (AfCTFA) by prioritising the harmonisation of customs and trade policies, as this agreement remains pivotal to the overall economic prosperity of the continent.

Advertisement

This was the submission of the chief executive officer, Lagos Free Zone,  Adesuwa Ladoja, during a panel session titled “ From factory to port: Why infrastructure will drive Africa’s industrial revolution”, at the Africa CEO Forum held on Monday, May 12, 2025 in Abidjan, Côte d’Ivoire.

Speaking during the session, Ladoja stressed the need for African countries to work together in aligning policies to unleash the full benefits of AfCFTA.

“The transformative power of AfCFTA lies in our ability to act collectively. Policy alignment across African states is not optional, it is essential. We cannot afford to stay on the sidelines while the world evolves. Government leadership, in partnership with the private sector, is critical,” she said.

She further emphasised the need for infrastructure integration, industrial policy alignment, and inclusive growth as the foundation for Africa’s economic transformation. She went further to highlight the unique advantages of the Zone’s integrated ecosystem which offers a safe and efficient platform for global investors, citing Lekki Deep Sea Port as a major driver of Nigeria’s logistics growth.

RELATED

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

1 hour ago
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2 hours ago

 

According to her, the port features a modern container terminal, advanced ship-to-shore cranes, scanners, and other state-of-the-art facilities operated by global partners such as CMA CGM.

 

“With tariff rates from Nigeria at 14 per cent and other African countries averaging 10 per cent, there is a clear opportunity to move manufacturing hubs to Africa and export globally at more competitive rates. What we must do now is replace friction with efficiency. As of today, Lekki Port handles about 25 per cent of all container traffic (TEUs) into Nigeria; a testament to the value we’ve built into the system. Despite global challenges like the COVID-19 pandemic and the Russia-Ukraine war, we’ve not only remained resilient but continued to thrive,” she noted.

 

 


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

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Africa Continental Free Trade Area (AFCFTA)
SendShareTweetShare
Previous Post

Access Bank Gets $100m Facility To Support MSMEs, Women

Next Post

FAAC Shares N1.681trn April Revenue To FG, States, LGAs

Yusuf Babalola

Yusuf Babalola

You May Like

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry
Business

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

2025/07/02
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide
Business

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2025/07/02
Inflationary Pressures Hamper Business Operations
Business

Economic Reforms Drag Business Activities To 7-month Low

2025/07/02
NNPC Declares N674bn Profit For 2021
Business

NNPC, IPPG Chart Path To Delivering 3m Barrels Per Day Oil Target By 2030

2025/07/02
Customs Recovers N72.4m From Importers At Lagos Seaports
Business

Group Discusses Intermodal Cargo Evacuation From Seaports

2025/07/02
LEADERSHIP Awards: Aradel Holdings Plc Is Oil And Gas Local Content Champion Of The Year 2023
Business

Aradel Holdings, Wema Bank Join NGX 30

2025/07/02
Leadership Conference advertisement

LATEST

JUST-IN: ADC Executives Step Down, Hand Over Party To David Mark, Aregbesola

Senate Passes Bill To Establish Bitumen Dev’t Commission 

Head Of Service Urges States To Partner CIPM To Professionalise HR In Public Sector

Nominee Rejects Tinubu’s NLRC Appointment

JUST-IN: Atiku, Obi, El-Rufai, Amaechi, Others Arrive Yar’Adua Centre For ADC Meeting

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

Nigeria’s Apostle Johnson Suleman Visits Ghanaian President Mahama

South-East Vocational, Entrepreneurial Studies Institute Underway As Reps Pass Bill For 2nd Reading

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Gov’t Mulls N50m Grant For Tertiary Students, Unveils C’ttee To Commercialise Research

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.