After initial bluff, Nigeria off with largest delegation to AfCFTA Intra-African trade fair in Egypt
AFTER AN INITIAL BLUFF not to accent to the now trending African Continental Free Trade Area (AfCFTA), Nigeria is attending with the largest delegation to the first AfCFTA IntraAfrican Trade Fair (IATF) in Cairo, Egypt, business a.m. can report. We reliably gathered that Nigeria is attending the pan-continental trade fair with a chattered flight of over 140-man delegation led by Okechukwu Enelama, minister of industry, trade and investment.
Apparently consumed by the knack of flooding international events with usually unwieldy large delegation, with the country’s participation often ending up as jamboree, this IATF is coming off no less outside the unenviable tradition.
Till date, the country is yet to accent to membership of the AfCFTA, which already has 44 African countries out of the continent’s 55 membernations.
In March this year, 44 of 55 members states of the African Union (AU) gathered in Kigali, Rwanda and signed the Continental Free Trade Area (AfCFTA, a continentwide free-trade agreement, with Nigeria refusing to append its membership.
Next week, the AfCFTA countries are taking the first big step with an Intra-African Trade Fair (IATF) in which 41 countries have already registered to participate.
The Africa Export-Import Bank (Afreximbank), the continent’s multilateral financial institution devoted to financing and promoting intraand extra-African trade and key promoter of AfCFTA, is organizing the trade fair from 11 to 17 December, 2018 at the prestigious Egypt International Exhibition Centre in Cairo, the capital.
A statement by Obi Emekekwue, director and global head, communications and events management at Afreximbank, said exhibitor registrations for the inaugural IATF 2018 has reached 1,054, surpassing the pan-African multilateral financial institution’s set target of 1,000.
The trade fair is being orDIAMOND ganized by Afreximbank in collaboration with the African Union Commission and hosted by Egypt.
Information released by Afreximbank also showed that the registered exhibitors come from 41 countries, and represent diverse sectors and industries, including agriculture, automotive, information and communication technology, construction, logistics, healthcare, pharmaceuticals, clothing and textiles, energy and power and entertainment.
More than 70,000 visitors are expected at the IATF 2018, which will provide exhibitors a platform to showcase their goods and services to buyers and sellers and offer opportunities for businessto-business exchanges.