Envoys from Ghana, Egypt, Rwanda, and other nations emphasized the crucial role of value addition to raw materials in driving economic growth across Africa and achieving the goals of the African Continent Free Trade Area (AfCFTA). They urged international partners to establish manufacturing factories within Africa to reduce youth unemployment, rather than solely purchasing raw materials.

Speaking at the launch of Ecofairs Lagos 2024, Consul-General Samata Bukari of Ghana highlighted the necessity for African nations to move beyond raw material sales to value addition. She stressed cooperation among African countries to optimize benefits from the trade pact.

Bukari emphasized, “Eliminating trade barriers within Africa will create employment opportunities for our youth. International partners should invest in factories here to cut product costs and alleviate youth unemployment.”

Ecofairs CEO Sylvester Ejarkaminor described the event as a collaborative effort between ECOWAS, friendly nations, and the Lagos State Government, aimed at benefiting Nigerians and promoting round-the-clock commerce.

Ami Altantawy, Commercial First Secretary of Egypt, underscored the potential for collaboration between Egypt and Nigeria to boost trade volumes. He advocated leveraging the AfCFTA for mutual economic gain, particularly in sectors like food industries, agriculture, and health.

Christophe Bazivamo, Rwanda’s High Commissioner to Nigeria, stressed the need to go beyond tariff elimination to unlock AfCFTA’s full potential. He urged investment in local industries and technology to transform Africa into a manufacturing hub, promoting quality and consistency in products.

Bazivamo concluded, “Through nurturing entrepreneurs, empowering our youth, and investing in technology, Africa can transition from a resource exporter to a manufacturing powerhouse. Together, let’s embrace ‘Made in Africa’ and realize a future of prosperity and resilience.”