• About
  • Advertise
  • Contact
Saturday, May 2, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

AfCFTA: We have received £36m grant for Abidjan-Lagos corridor – Mene

Vital News by Vital News
June 4, 2022
in Business
0
Share on FacebookShare on Twitter

By Raji Rasak/ Chiazo Ogbolu

Lagos – Mr Wamkele Mene, the Secretary-General, African Continental Free Trade Area (AfCFTA) Secretariat, said the secretariat had received a grant commitment of £36 million from the United Kingdom Government for Abidjan-Lagos corridor.

Mene said this during a visit to the Seme-Karke joint border post on Friday.

He said that the grant would be used to address infrastructural challenges on the Abidjan-Lagos corridor.

Mene said that the African Development Bank (AfDB) was also involved in raising funds for infrastructure to make it easier for movement of goods from one country to the other.

RelatedStories

Dangote Cement Powers Global Sustainability Innovation At A4S 2026

NASCON Grows Profit To Over 100% To N33.5bln, Delights Shareholders With 200% Increase In Dividend Payment

At Bullion Lecture, RMRDC Boss Says Dangote Refinery Showcases Power Of Domestic Value Addition

Northern Business Leaders Cheer Dangote’s Spot On Time’s 2026 Influential 100

He, however, noted that they would focus on equipment that would ensure productivity and efficiency of transit goods .

“When I went to a port in Mombasa, they showed me a control room that is digitised for the entire East Africa community, they have equipment that help them to access what is in the truck that is moving from Kampala to port in Mombasa.

“So the officer in the control room with a click of a button will see what is in the truck.They did not pay for this with their own money, they mobilised resources,” Mene said.

He said that the secretariat would continue mobilise resources to solve the infrastructural challenges within the corridor.

“The intervention will include interconnectivity. It may appear as if it is an insurmountable barrier but let us look at what others did and improve on the system they introduced and address these challenges,” he said.

Mene said that with the resources being mobilised, the secretariat, would deploy similar system within the Abidjan-Lagos corridor.

“That is why we said to the British Government that the grant they made available will be used to address infrastructural needs along the corridor.

“We are also working with the Afreximbank to see what intervention and trade facilitation facility they can make available so that we don’t rely on the British alone.

“We want to take an integrated approach by mobilising those we can influence to bring their resources so that what happened in East Africa can happen here,” he said.

Mene said that they were also in discussion with the commissioner for trade in ECOWAS.

He noted that they want to compliment the work they had done to achieve the desired result.

On transit, Mene said that the agreement establishing the AfCFTA had rules on transit, customs procedures, harmonisation as well as trade facilitation.

He said that the rules were very clear.

“It is not in anybody’s interest to impose additional charges on goods that are on transit because it will not make trade competitive and it will make people think twice about transiting their goods through the corridor.

“I am very happy to hear that the illegal checkpoints are being addressed, all officers along the corridor should be grilled to ensure that such does not exist again,” Mene said.

He said that they would work with the Customs to address the challenges, noting that it would not happen overnight.

“It took the East Africa community about 10 years to reach this level of competitiveness where goods can leave the containership and arrive in Kampala in less then there days.

“And in 10 years time, the Abidjan-Lagos corridor, will be the best performing corridor in the African continent,” he said.

Also speaking, Comptroller Mohammed Jibo of Seme Command, said that interconnectivty gap was the major issue limiting trade facilitation.

Jibo said that some of the equipment that would enhance connectivity were lying fallow in the command.

“Goods on transit into Nigeria are mandated to pay heavy duty and this does not encourage trade on the corridor, multiplicity of checkpoint and dwell time given to Nigerian containers is not fair,” he said.

Earlier, Mr Frank Matsaert, the Chief Executive Officer, Trade Mark Africa, contractor in charge of assessing the Abidjan-Lagos corridor, listed key findings that should be followed up as infrastructure, interconnectivity gaps and limited connectivity.

Matsaert said that others were high trade cost, logistics-capacity and professionalism; informal trade highly complex, lack of cross border traders awareness, security concerns and limited corridor approach.

He said that implementing the road map for the corridor would take three phases; phase one would take one to two years; phase two; three to five years and phase three, four to seven years. (NAN/vitalnews)

Tags: AbidjangrantLagosMeme
Previous Post

98 Immigration Officers elevated to new ranks

Next Post

988,923 voters to participate in June 18 Ekiti governorship election

Vital News

Vital News

RelatedStories

Dangote Cement Powers Global Sustainability Innovation At A4S 2026
Business

Dangote Cement Powers Global Sustainability Innovation At A4S 2026

April 29, 2026
NASCON Grows Profit To Over 100% To N33.5bln, Delights Shareholders With 200% Increase In Dividend Payment
Business

NASCON Grows Profit To Over 100% To N33.5bln, Delights Shareholders With 200% Increase In Dividend Payment

April 28, 2026
At Bullion Lecture, RMRDC Boss Says Dangote Refinery Showcases Power Of Domestic Value Addition
Business

At Bullion Lecture, RMRDC Boss Says Dangote Refinery Showcases Power Of Domestic Value Addition

April 24, 2026
Dangote, Pope Leo XIV, Trump, Xi Jinping, Others Named In TIME 100 Most Influential People For 2026
Business

Northern Business Leaders Cheer Dangote’s Spot On Time’s 2026 Influential 100

April 24, 2026
Dangote, Pope Leo XIV, Trump, Xi Jinping, Others Named In TIME 100 Most Influential People For 2026
Business

IMF/World Bank Meetings: Dangote Champions Infrastructure, Job Creation As Catalysts For Africa’s Economic Growth

April 22, 2026
Next Post

988,923 voters to participate in June 18 Ekiti governorship election

FG says gas plant shutdown responsible for current poor power supply

10 Northern APC governors back Southern presidential candidate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Aisha Buhari Shares El-Rufai Video On Aso Rock Elements Working Against Tinubu

Aisha Buhari Shares El-Rufai Video On Aso Rock Elements Working Against Tinubu

3 years ago
NDLEA Busts Trans-border Cartel, Arrests 5 Kingpins

NDLEA Busts Trans-border Cartel, Arrests 5 Kingpins

3 years ago
Kogi Invalidates Fraudulent Certificates Of Occupancy, Reclaims Illegally Acquired Properties

Kogi Invalidates Fraudulent Certificates Of Occupancy, Reclaims Illegally Acquired Properties

4 months ago
US Seizes Venezuelan President’s Plane In Dominican Republic

US Seizes Venezuelan President’s Plane In Dominican Republic

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun PDP Police Power refinery rescue road Security students Tinubu troops US Women
No Result
View All Result

Highlights

Nigeria Summons South Africa Envoy Over Renewed Anti-Foreigner Protests, Attacks On Nigerians

President Tinubu Departs Abuja On Three- Nation Tour Of France, Kenya, Rwanda May 2

Unlocking The Benefits Of Zero-Tariff Measures To Elevate the China–Africa Community With A Shared Future To A New Level By Yu Dunhai  

NDLEA In Major Offensive Against Abuja Drug Kingpins, Arrests 132 Suspects, Seizes 220kg Illicit Substances, Dismantles Major Bunks

Workers’ Day : Governor Ododo Promises To Reward Workers’ Sacrifices, Labour Demands Reinstatement Of 441 Colleagues

Abejide Dumps ADC, To Unveil New Party

Trending

2027 : Taraba APC Group Purchases Governorship Nomination And Expression Of Interest Forms For David Kente
Politics

2027 : Taraba APC Group Purchases Governorship Nomination And Expression Of Interest Forms For David Kente

by Vital News
May 2, 2026
0

By Saidu Adamu Jalingo A coalition of All Progressives Congress (APC) stakeholders in Taraba State have purchased...

Man Kills Three Siblings In Ondo

Terrorists Invade Mobile Police Camp In Kwara, Kill Three Officers, Injure Two Others

May 2, 2026
Bauchi Governor, Bala Mohammed Dumps PDP For APM

Bauchi Governor, Bala Mohammed Dumps PDP For APM

May 2, 2026
Nigeria Summons South Africa Envoy Over Renewed Anti-Foreigner Protests, Attacks On Nigerians

Nigeria Summons South Africa Envoy Over Renewed Anti-Foreigner Protests, Attacks On Nigerians

May 2, 2026
President Tinubu Departs Abuja On Three- Nation Tour Of France, Kenya, Rwanda May 2

President Tinubu Departs Abuja On Three- Nation Tour Of France, Kenya, Rwanda May 2

May 1, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 2027 : Taraba APC Group Purchases Governorship Nomination And Expression Of Interest Forms For David Kente May 2, 2026
  • Terrorists Invade Mobile Police Camp In Kwara, Kill Three Officers, Injure Two Others May 2, 2026
  • Bauchi Governor, Bala Mohammed Dumps PDP For APM May 2, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In