ADELEKE VOWS TO SUPPORT OYO STATE ON AFCFTA SUB-NATIONAL IMPLEMENTATION STRATEGY

Osun State Government under the leadership of Sen. Ademola Jackson Nurudeen Adeleke has vowed to support its Oyo State counterpart on the development of the African Continental Free Trade Area (AFCFTA) Sub-National implementation strategy.

This was contained in a goodwill message by the Commissioner for Commerce and Industry, Rev. Bunmi Jenyo at the AFCFTA consultative forum held at the International Conference Centre, University of Ibadan on Wednesday.

One of the important objectives of the AFCFTA is to create a single market that will help facilitate the free movement of persons, goods, services and investments.

The Commissioner said, “according to the AFCFTA factsheet, with a combined GDP of an estimated US$3.4 trillion, the pact links 1.3 billion people living in different parts of the continent, it promises to turn Africa into a modern, industrialised, cohesive and influential player on the global stage”.

The Commissioner who expressed his delight applauded the government of Oyo State led by Engnr. Seyi Makinde for deeming it fit to put the consultative forum together at this critical point of our economic existence.

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“This consultative forum is important and is coming up at a time that Nigeria and South Western States are looking at various ways to diversify their economies to the non–oil sector”, he said.

The Commissioner also assured the government and people of Oyo State of Governor Adeleke’s readiness to give total support to fulfill the objectives of the AFCFTA project in Oyo State, which was centred around the benefits derivable from AFCFTA.