Connect with us

News

ECOWAS Parliament Moves to End Border Bottlenecks, Orders Sweeping Reforms to Boost Regional Trade

Published

on

ECOWAS Parliament Moves to End Border Bottlenecks, Orders Sweeping Reforms to Boost Regional Trade

By: Michael Mike

The ECOWAS Parliament has launched a fresh push to dismantle the bureaucratic and regulatory barriers stifling trade across West Africa, adopting far-reaching recommendations aimed at harmonising customs procedures, eliminating non-tariff barriers and expanding access to finance for millions of Micro, Small and Medium Enterprises (MSMEs).

The resolutions, adopted at the end of a week-long delocalised joint committee meeting in Cotonou, Benin Republic, represent one of the strongest legislative interventions in recent years to tackle the persistent border bottlenecks that continue to frustrate the ECOWAS vision of a borderless regional market nearly five decades after the bloc was established.

The lawmakers said inconsistent customs procedures, multiple taxation, cumbersome import regulations, poor infrastructure and harassment of traders have continued to undermine regional integration, inflate the cost of doing business and limit the competitiveness of indigenous enterprises.

Presenting the resolutions on Friday, Co-Chairman of the Joint Committee, Hon. Alhagie Darbo, said member states must urgently harmonise customs procedures, import regulations, taxation policies and business registration requirements to create a predictable and business-friendly environment capable of driving investment, industrialisation and job creation across the sub-region.

He said the Parliament also called for the full implementation of ECOWAS trade and investment protocols, elimination of non-tariff barriers, increased investment in trade-supporting infrastructure and stronger national monitoring mechanisms to improve the ease of doing business.

The regional lawmakers urged governments to adopt legal, regulatory and fiscal reforms that encourage entrepreneurship, support the transition of informal businesses into the formal economy, promote local value addition and improve the competitiveness of MSMEs.

Recognising the growing complaints by traders over market administration and extortion, the Parliament further recommended transparent management of market facilities, accessible tenancy agreements, review of restrictive trading practices and decisive action against unlawful harassment of traders.

To address one of the biggest constraints facing small businesses, the Parliament also advocated expanded financial inclusion programmes and affordable financing, particularly for women-owned and youth-led enterprises, to enable them participate more effectively in regional value chains.

The ECOWAS Commission was directed to strengthen implementation of the ECOWAS MSME Development Policy (2021-2030) through enterprise support centres, business development programmes, entrepreneurship initiatives and digital skills development.

The lawmakers equally called for the establishment of export support centres along major trade corridors and strategic border posts to guide exporters, simplify compliance with trade regulations and reduce administrative delays that continue to hamper intra-regional commerce.

In another major recommendation, the Parliament urged accelerated harmonisation of ECOWAS product standards, certification and quality assurance systems to ensure goods produced within the region meet uniform requirements and enjoy easier access to regional and continental markets.

It also advocated stronger implementation of the ECOWAS Trade Liberalisation Scheme (ETLS) through simplified procedures, improved awareness among businesses, greater transparency and complete removal of non-tariff barriers.

To reduce the region’s dependence on imports from outside Africa, the Parliament called for deliberate policies encouraging industries to source semi-processed raw materials and intermediate products from within the Community, while supporting inclusive industrial and agricultural clusters capable of attracting investment, improving productivity and strengthening regional competitiveness.

The lawmakers further tasked the ECOWAS Bank for Investment and Development (EBID) with expanding access to affordable financing through innovative instruments such as credit guarantee schemes, concessional lending windows and risk-sharing mechanisms targeted at MSMEs, especially businesses owned by women and young entrepreneurs.

Beyond financing, the bank was urged to support investment in regional industrial and agricultural clusters that would enable producers to increase capacity and integrate into regional markets.

The Parliament also pledged to intensify oversight of member states’ compliance with ECOWAS trade, industrialisation and MSME development frameworks while transmitting the resolutions to relevant regional institutions and pursuing sustained advocacy at the national level.

Speaking after the meeting, Chairman of Nigeria’s House of Representatives Committee on Small and Medium Enterprises and member of the ECOWAS Parliament, Hon. Pascal Agbodike, said Nigerian parliamentarians would immediately engage the National Assembly to ensure implementation of the recommendations.

He acknowledged the numerous complaints raised by traders over Nigeria’s borders, assuring that the concerns would receive comprehensive legislative attention.

The latest resolutions followed extensive field visits and town hall engagements with traders and business operators in Benin Republic, where participants recounted persistent delays at border crossings, multiple checkpoints, inconsistent customs practices and other barriers that continue to undermine the ECOWAS protocol on free movement of goods and services.

The renewed legislative push comes at a critical time when West African governments are seeking to deepen regional integration, stimulate industrialisation and position the sub-region to maximise opportunities under the African Continental Free Trade Area (AfCFTA).

If faithfully implemented by member states and regional institutions, the reforms could mark a significant turning point in dismantling long-standing trade obstacles, unlocking the growth potential of MSMEs and bringing the ECOWAS ambition of a truly integrated regional market closer to reality.

ECOWAS Parliament Moves to End Border Bottlenecks, Orders Sweeping Reforms to Boost Regional Trade

Continue Reading
Click to comment

Leave a Reply

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

News

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

Published

on

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

By: Our Reporter

Norwegian Refugee Council (NRC) calls for urgent scale-up as outbreak continues to outstrip humanitarian operation

The Democratic Republic of the Congo (DR Congo) has now confirmed more than 10,000 cases of Ebola in the current Bundibugyo virus outbreak.

“The outbreak has affected eight provinces in DR Congo, placing an enormous burden on affected communities. The epidemic is currently concentrated in eastern parts of the country, but recent cases in Kenya and Nigeria have raised fears of a regional flare-up. Almost five thousand deaths have now been confirmed in DR Congo alone.

“The outbreak comes on the backdrop of a chronic and neglected humanitarian crisis in eastern DR Congo. NRC has been operational in the country for over two decades, and is taking part in the Ebola response, including in the most affected province of Ituri. NRC urgently calls for sustained and coordinated efforts to protect communities, strengthen access to essential services, and address the needs of people affected by the outbreak and displacement.

“As I move around Ituri I’m seeing just how hard the disease is hitting communities, and I am struck by how much more needs to be done to bring this outbreak under control,” said Silvia Beccacece, NRC emergency team leader. “Families here have been struggling for years as a result of extreme violence, forced displacement, and the lack of essential services. Ebola comes on top of that, at a point where many have exhausted their ability to cope with the additional challenge it brings. The fact remains that this response is in no way proportionate to the vast scale of the outbreak.

“Combating Ebola requires close cooperation between health authorities, humanitarian organisations, community-based organisations, and international partners. It is essential that the response is scaled up in a way that keeps communities at the centre and is grounded in local customs and traditions. NRC calls on donors and partners to increase their support for humanitarian operations in the DR Congo, particularly in areas affected by the outbreak and displacement.

“10,000 confirmed cases must be a wake-up call that this response is not getting ahead of the outbreak, and is not supporting communities with what they need to bring transmission under control. The warning signs are here for all to see: now it depends on whether leaders will take notice and take the required action,” said Beccacece.

Congo: 10,000 confirmed Ebola cases demands rapid scale-up – NRC

Continue Reading

News

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

Published

on

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

…90% of facility reserved for small businesses, women and youth entrepreneurs targeted

By: Michael Mike

The French Development Agency (AFD) and the Bank of Industry (BOI) have signed a $30 million financing agreement to expand access to credit for Nigeria’s creative industry, with at least 90 per cent of the facility earmarked for micro, small and medium-sized enterprises (MSMEs).

The agreement, which includes a €500,000 technical assistance programme, is AFD’s first credit line dedicated to cultural and creative industries anywhere in the world, positioning Nigeria as the beneficiary of a financing initiative targeting one of the country’s emerging sources of jobs and economic diversification.

The facility, signed in Abuja during the visit of AFD Chief Executive Officer, Christophe Lecourtier, is designed to improve access to finance for businesses in fashion, design, textiles, music, film and audiovisual production, video games and visual arts.

Women-led and youth-led enterprises, as well as first-time borrowers, are among the priority beneficiaries of the programme, which seeks to address financing barriers that have constrained the growth of creative businesses.

The initiative comes as Nigeria’s cultural and creative industries account for approximately five per cent of the country’s Gross Domestic Product (GDP) and provide livelihoods for more than 4.2 million people.

Under the agreement, the BOI will deploy the credit facility to eligible businesses, while the technical assistance component will strengthen the bank’s capacity to finance the sector through staff training and the development of financial products tailored to the needs of creative enterprises.

The programme targets the training of at least 70 per cent of relevant BOI staff, alongside the development of specialised financing products to better serve businesses whose needs may differ from those of conventional industrial enterprises.

The agreement was signed by BOI Managing Director, Dr Olasupo Olusi, and Lecourtier, who represented AFD, reinforcing the longstanding partnership between the two institutions.

Beyond expanding access to credit, the initiative is expected to promote financial inclusion, support skilled employment and strengthen the contribution of the creative economy to Nigeria’s sustainable and inclusive growth.

Its focus on smaller businesses could prove particularly significant for entrepreneurs seeking to expand production, acquire equipment, develop new products or reach wider markets but who struggle to secure affordable financing.

The facility also aligns with the Federal Government’s Destination 2030 ambition for the creative sector, as Nigeria seeks to diversify its economy and harness industries capable of generating employment and business opportunities for its growing population.

The €500,000 technical assistance component is expected to complement the lending facility by improving BOI’s capacity to understand and meet the financing needs of creative businesses.

For AFD, the agreement represents an expansion of its development financing partnership with Nigeria, while the BOI is expected to use the facility to support enterprise development, job creation and economic diversification.

The two institutions said the programme would help remove financial and non-financial barriers to the development of Nigeria’s cultural and creative industries.

AFD, BOI Sign $30m Deal to Unlock Finance for Nigeria’s Creative Sector

Continue Reading

News

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

Published

on

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

By: Michael Mike

The family of a deceased engineer whose corpse allegedly disappeared from a mortuary in Anambra State has asked the Inspector-General of Police (IGP) to order a supplementary investigation into the incident, citing omissions and inconsistencies in the police report.

The family, through its lawyer, Mr Joseph Offor, said the investigation into the disappearance of Chukwunweike Okammelu’s body from the mortuary of Chukwuemeka Odumegwu Ojukwu Teaching Hospital, Amaku, Awka, had left critical questions unanswered.

In a letter dated July 6 and addressed to the IGP, Offor, counsel to Chief Osita Okammelu, urged the police chief to review the investigation and direct further inquiries into the circumstances surrounding the disappearance of the corpse.

The petition was also copied to the Deputy Inspector-General of Police in charge of the Force Criminal Investigation Department, Abuja.

Offor said the matter was referred to the IGP following the family’s complaint, after which it was assigned to the Intelligence Response Team (IRT) for investigation.

He said the IRT had concluded its investigation and issued a report, but his client identified material omissions, inconsistencies and investigative gaps that, he argued, undermined the completeness, fairness and credibility of the findings.

According to him, the report acknowledged the possibility of criminal conspiracy and systemic failures but recommended the prosecution of only the mortician, Mr Clement Ogbonna.

He further alleged that the report acknowledged that significant aspects of the investigation remained outstanding while simultaneously recommending immediate prosecution.

Offor said the findings also identified serious administrative and operational negligence without adequately investigating or recommending appropriate action against all persons who might bear criminal responsibility.

He added that the investigators relied on financial records, call data records and other documentary exhibits without making comprehensive findings from the evidence.

The lawyer said critical questions concerning the chain of custody of the corpse, the roles of other listed suspects, institutional responsibility and the circumstances surrounding the alleged unlawful release and disappearance of the body remained unresolved.

Following the disappearance, the family had reported the matter to the police and raised concerns about what it described as the unprofessional conduct and poor handling of the case by the hospital management.

Offor alleged that, rather than adequately addressing the incident, the hospital leadership relied on what the family described as “spurious narratives and falsehoods” attributed to the mortician.

“Our client has accordingly prepared a detailed analysis identifying these gaps and respectfully demonstrating why he believes the investigation requires further review,” he said.

He urged the IGP to direct a supplementary investigation, with particular attention to the issues outlined in a memorandum accompanying the petition.

“Our client firmly believes that a thorough and comprehensive investigation will ensure that truth is fully uncovered and that justice is done to all parties without fear or favour,” Offor said.

Family Seeks Fresh Probe into Missing Corpse at Anambra Hospital

Continue Reading

Trending

Verified by MonsterInsights