Nigeria has been without an official trade policy for over a decade. However, the country has been involved in the implementation of trade rules at the regional, bilateral and multilateral levels. In addition, Nigeria has also been involved in trade negotiations at different fora at multilateral, regional, sub-regional and bilateral level. All these have been […]
BACKGROUND For over five decades, regional integration has been part of the African continent’s overarching strategy for economic transformation, growth and development. The establishment of Regional Trade Agreements (RTAs) and indeed the Regional Economic Communities (RECs) was viewed as the panacea for seamless distribution of goods. Similarly, the introduction of trade instruments such as the […]
Honourable Minister, VFS members, Colleagues, Ladies and gentlemen, I want to use this opportunity to thank all of you for participating and making today’s rally a huge success. I personally appreciate the National Association of Nigerian Traders (NANTS) for putting this wonderful event together in support of World Food Day and the Nigerian Farmers. […]
The National Association of Nigerian Traders (NANTS) under the auspices of the Voices for Food Security (VFS) commends the President and the Budget Office of the Federation for the timely presentation of the 2018 budget. This for us raises the hope that the 2018 budget implementation will commence earlier in order to achieve a […]
The National Association of Nigerian Traders (NANTS) notes with dismay that Nigeria has remained a large food importer in-spite of the massive available arable land across the country and further frowns at the fact that the country is spending over 1 trillion Naira annually on major food commodities such as rice, wheat, sugar and frozen […]
1.0. Overview of CAADP and Africa’s Public Spending inAgriculture Africa has been identified as the current second fastest growing region in the world with GDP growth rate of 5.2% (3.9% pre-CAADP) and per capita GDP growth of 2.3% (1.3% pre-CAADP)1.This implies that overall GDP almost doubled and per capita GDP rose by around 35%. This […]
Background/Introduction. Small Scale Farmers (SSFs) in Nigeria make up the greater number of the country’s workforce population and produce over 80% of the food consumed in the country. The Nigerian agricultural sector is second largest contributor (about 24%) to the nation’s Gross Domestic Product (GDP). Nonetheless, these farmers appear to be the poorest constituency in […]
Background The Budget of the Federal Republic of Nigeria or the Appropriation Act is enacted and signed in to law by the National Assembly and the President respectively. This national document guides government spending throughout the year. It represents the government’s intentions and political will to effect developmental changes in the society at large. Oftentimes […]
Background and Participation On the 28th day of May 1975, the then leaders of the various West African countries consummated the philosophy of a united region with the establishment of the Economic Community of West African States (ECOWAS), with the vision of a strong economic integration of member states anchored on the benefits of […]