Business

Ecobank Restates Commitment To AfCFTA

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA).  Akinwuntan in his remark at an event in Lagos pointed out that the pan African bank was set up primarily for the economic integration and development of Africa, stressing that the bank was ready to deploy its capacity, platform and network to achieve the AfCFTA objectives.
According to him, “Naturally for us as a pan African bank, we are set up to support the economic integration and development of Africa. We have a commitment, capacity, network to support the realization of AfCFTA objectives. We understand the regulatory environments, cultures and have the technology and innovation platforms. We will support Fintech to push Africa to benefit from the global market.”
Also speaking, AfCFTA, Mene Wamkele expressed satisfaction that Nigeria is ready to deposit the instrument of ratification of the AfCFTA, noting that he is looking forward to Nigeria’s leadership in AfCFTA.
He observed that for a long time the African continent has focused on security and political issues, noting that focus is now being shifted towards trade and investment-related matters.
“Whatever decision we take at the secretariat would be informed by what Africa wants. We will not put up any design that will not support what Africa wants. We would employ digitization, and fintech will drive financial inclusion. We would drive trade inclusion through fintech that would be affordable, accessible, and available,” adding that “Border closure and xenophobic issues have to be addressed according to the rules of the trade agreement, foreigners have to be protected by the agreement. All foreign entities must be treated like domestic players. Discrimination of any kind that will be tolerated. AfCFTA has improved on the WTO requirements on trade facilitation, and we would ensure that countries meet up with their obligation to ensure smooth trade,” Wamkele pointed out.
society_admin

Recent Posts

NCDMB Launches ‘Champions of Nigerian Content Award

The Nigerian Content Development Monitoring Board (NCDMB), in partnership with Sweetcrude Limited, publishers of SweetcrudeReports,…

22 hours ago

China’s Baidu releases new AI model to compete with DeepSeek

Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made…

22 hours ago

NELFUND plans software for students with disabilities

NELFUND new logo By Deborah Tolu-Kolawole The Nigerian Education Loan Fund has said plans are underway…

22 hours ago

Ex-gov Lamido rejects El-Rufai’s call to join SDP

Sule Lamido Former Jigawa State Governor and Peoples Democratic Party chieftain, Sule Lamido, has dismissed…

22 hours ago

Ogun community demands ward delineation

By Taiwo Bankole The Owu community in the Abeokuta North Local Government of Ogun State has…

22 hours ago

Police inspector shoots self dead in Ogun

A Nigeria policeman By Uthman Salami A police inspector, Ajele Oloyede, has reportedly died from a…

22 hours ago