Africa’s contribution to global trade in services is little with slow growth despite rapid globalisation and liberalisation. The continent’s intra – African trade in services is also relatively little. Nigeria’s services sector contribution to its GDP is huge, representing 55.8 per cent in 2017. It recorded a growth rate of 1.83percent in 2018. Hence, the services sector possesses immense potential to promote diversification, employment, and growth, even without a current holistic services sector policy. This study specifically mapped and profiled key services sectors; reviewed domestic regulations relating to services; estimated the current and future potentials for export, and provided associated recommendations.
Analysis of Potentials of Nigeria’s Services Sector for Economic Diversification, Employment, and Foreign Trade
File type: PDF
Number of pages: 53
File size: 2.33MB
Strengthening the structure of Trade Associations in the Non-oil Export sector for better Governance and Leadership.
This is a presentation from the second day of the Trade Associations capacity building titled – Strengthening the structure of Trade Associations in the Non-oil Export sector for better Governance and Leadership. It covers Member Relations & Communication, Advocacy and Stakeholder Management, Fundraising & Financial Management as well as Leadership & Corporate Governance.
Nigeria signed up to the AfCFTA on the 7th of July, 2019. This outlines how PDF contributed to the process that led up to the signing.
Trade Associations play a role in promoting appropriate policies, regulations, and necessary reforms relating to their sector of operations. They create opportunities for networking and consultations among industry players as well as being a voice when it comes to new regulations and legislations while encouraging best practices among its members. According to Peter Gomersall, trade associations exist to support their members and further their interests, to defend them when they are under threats and to promote a common position on issues affecting the environment in which they operate.
Given the foregoing, the PDF Bridge Trade Policy Workstream organised a two-day capacity-building session targeted at strengthening the leadership of non-oil export-related trade associations and improve on their business strategy to position them to take advantage of the opportunities in the non-oil export value chain. The sessions had in attendance delegates from government agencies such as FMITI, NAQS, FMARD, NOTN, CBN as well as executives of trade group drawn from various industries including agricultural commodities farmers, agricultural commodities exchange and aggregators, industrialists, agro-processors, women, and youth development groups, textile and apparel among other participants.
The study ‘Diversification and Non-Oil Export Opportunities for Nigerian States Post-COVID-19’ was commissioned by the NEPC through the Policy Development Facility (PDF) Bridge Programme for use by the public and private sector stakeholders. Ernst & Young conducted a market analysis on six prioritised products from the Zero Oil Initiative and provided strategic recommendations.
PDF Bridge has now developed a policy brief for stakeholders to highlight the key issues and recommendations. The full study can be accessed here.
This report documents the strategic plan for the implementation of the Africa Continental Free Trade Agreement (AfCFTA) by Nigeria following a diagnostic review of the prevailing trade ecosystem including the participants (traders and service providers), the regulating agencies, prevailing policies, and processes as well as the level of regional integration.