Transportation key to attainment of AfCFTA objectives, says Amaechi 

Nigeria ready for Maritime Bank, says Amaechi
Minister of Transportation, Rotimi Amaechi

 

A functional transportation sector is instrumental to the realization of the goals of the African Continental Free Trade Agreement (AfCFTA) Minister of Transportation, Rotimi Amaechi said in Abuja on Monday.

The Minister stated this in Abuja at the opening of a two-day international conference with the theme, “The role of transportation in the implementation of African Continental Free Trade Area”, organised by the Nigerian Institute of Transportation (NITT) in collaboration with the Ministry of Transportation.

Represented by the Minister of State for Transportation, Senator Gbemisola Saraki, Amaechi commended the President Muhammadu Buhari-led government for its huge investment in transportation infrastructure since its assumption of office in 2015.

“The transportation sector is the most critical in implementing trade facilitation, enhancing regional integration and key to every other AfCFTA protocol. Hence, the Nigerian government has embarked on huge transport infrastructure investment across the country to ensure efficiency in the transportation sector. These interventions include massive construction of roads, rail lines with access roads, inland water ports, seaports, new terminals in existing ports, dry ports with access to rail and roads, inland container depots/freights all geared towards building a modern and efficient transportation system that guarantees sustainable socio-economic development of Nigeria, regional integration and trade liberalization,” he said.

According to the Minister, transportation and AfCFTA are like Siamese twins as they are intricately linked. He said transportation provides the vehicle through which the major objective of AfCFTA thrives; that is, creating a single continental market for goods and services with free movement of businesses, persons and investments, promoting regional and continental integration, market access and resources reallocation across sectors and countries.

The Federal Ministry of Transportation, he noted, is making concerted efforts in improving intermodal transportation and trade facilitation by linking major seaport ports in the country with rail line.

He said goods will soon be moved from the Lagos Port Complex Apapa to the Ibadan Inland Container Depot, Kaduna Inland Container Depot and Dala Inland Container Depot.

He also assured of the commitment of the ministry to improve digital infrastructure “by automating train, marine and road operations, completing ongoing transport projects and upgrade through the completion and making operational the Abuja–Kaduna, Lagos-Ibadan, Itakpe–Ajaokuta–Warri standard gauge rail lines; rehabilitation of narrow-gauge lines, groundbreaking of the Kano-Maradi rail lines, commissioning of the deep blue sea project, and the commencement of wreck removal exercise; among others.

Speaking in her capacity as the Honourable Minister of State for Transportation, Senator Saraki noted that the primary objective of the African Continental Free Trade (Area) Agreement is to create a single continental market for goods and services, ensuring free movement of businesses, persons and investments and paving way for accelerated economic growth and inclusive shared prosperity amongst African countries.

To realize these lofty goals, Saraki said the National Action Committee (NAC), was constituted to coordinate the activities of Ministries, Departments and Agencies (MDAs), private sector and other stakeholders to successfully execute the AfCFTA readiness interventions.



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