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Dismantle Trade Barriers to grow Africa’s economy, Dangote urges Leaders 

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<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"5CTO3OLi" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"YtzoB0pE" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>African leaders have been urged to dismantle trade barriers stifling their individual countries&comma; in a bid to ensure smooth flow of goods and services&comma; with a corresponding impact on economic growth and development across the continent&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>The call was made by the Group Chief Commercial Officer of Dangote Industries Limited&comma; Mr Rabiu Umar&comma; during an interview aired on The Morning Show&comma; a breakfast programme of the Arise News Channel&comma; on the sidelines of the just-concluded Intra-African Trade Fair &lpar;IATF&rpar; held in Durban&comma; South Africa&period;<&sol;p><div class&equals;"7No6Ztw0" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Rabiu&comma; who represented the Dangote Group&comma; a platinum sponsor of the trade fair&comma; also called for reforms at the various ports across Africa&period; He noted that &OpenCurlyDoubleQuote;bringing down these barriers will mean that goods and services can move much more freely on the continent from one country to another&period;”<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;nigeriantracker&period;com&sol;2021&sol;11&sol;10&sol;dangote-committed-to-bridging-unemployment-gap&sol;">Dangote committed to Bridging Unemployment Gap                                  <&sol;a><&sol;p>&NewLine;<p>He advocated improved infrastructure across Africa to promote regional integration&comma; as well as the ease of regulations and bureaucracy that prevented free flow of trade across the continent in order to realise the benefits of the African Continental Free Trade Area &lpar;AfCFTA&rpar; agreement&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Calling for enforcement of the Rules of Origin enshrined in the agreement&comma; Rabiu also canvassed for 80 per cent of components of manufactured products to be sourced from Africa to avoid dumping of goods from foreign countries&period; He noted that there was a renewed interest in the Dangote group and Nigeria from other African countries at the fair&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Highlighting the benefits of the AfCFTA and its impact on manufacturers like the Dangote Group&comma; he said&comma; &OpenCurlyDoubleQuote;The trade barriers highlights a lot of issues around infrastructure&comma; around diplomacy&comma; around ports&period; For example&comma; if you take the port situation&comma; you may get your goods to the port and it takes such a long time&period; If I give the example of Nigeria to get them out of the country or into the country&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I was on a panel here and someone from South Africa said it’s cheaper to move goods from Durban to China than from Durban to Cape Town&period; So&comma; the challenges are not just related to a particular region&comma; they’re all across Africa&comma;” he added&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Commenting on the renewed interest in Nigeria at the IATF meetings&comma; with particular focus on his Dangote group&comma; Rabiu said&comma; &OpenCurlyDoubleQuote;I think what has been impressive is the level of interest&period; From across the continent&comma; many countries come in to find out what we do&comma; trying to either sell us a solution or try to buy something from us&period; I mean&comma; we’ve had people from all over&period;”<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Speaking about the scope of operations of the Dangote Group&comma; he stated that&comma; &OpenCurlyDoubleQuote;We have presence in 10 countries&comma; like I said&comma; including South Africa&period; So&comma; we had people come in&comma; who are in South Africa to ask to do business with us&period; We have had people who want to know about our fertiliser business&comma; for example&comma; and all sorts and of course&comma; the famous refinery&comma; people are interested in finding out more and how they can collaborate and do business with us&period; So&comma; it’s been a worthwhile trip so far&period;”<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Responding to question on how to boost Intra-African trade&comma; Rabiu proffered vital tips like fixing infrastructure&comma; tariff reduction&comma; ease of payments and settlements as the top priorities&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>According to him&comma; &OpenCurlyDoubleQuote;It’s a very difficult process&period; It is not just about the road transport or the quality of the roads you have&period; We don’t have a rail system and of course&comma; you know&comma; road transportation is very expensive&period; The second part is the tariffs&comma; the systems and the process&comma; the bureaucracy&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;So for us to get to where we need to get to&comma; I think the key condition is to remove these barriers to trade&comma; the biggest one being infrastructure&comma; you need the infrastructure to move goods across the second part of it&comma; you need to cut out the red tape&comma; from a diplomatic perspective&comma; from a customs perspective&comma; or from even a payment settlement perspective&period; This is one of the things the Afreximbank has done with the settlement system among the African countries meaning that you are kind of dollarising the economies of these countries”&comma; he said&period;<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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