AfCFTA Fund won’t deliver exports without reforms — Freight forwarders

By Cynthia Alo
The Africa Association of Professional Freight Forwarders and Logistics of Nigeria, APFFLON, has warned that Nigeria may fail to reap the benefits of the African Continental Free Trade Area, AfCFTA, despite the Federal Government’s approval of a proposed $1 billion credit facility aimed at supporting exporters and businesses.
The association said that although access to finance is important, funding alone cannot solve the challenges undermining the competitiveness of Nigerian products in African markets.
In a statement yesterday, National President of APFFLON, Otunba Frank Ogunojemite, noted that poor infrastructure, high production costs, multiple taxes, foreign exch...