AU Report on Nigeria banking services validated
ABUJA, (CAJ News) – A workshop for the validation of the report on banking services and Continental Free Trade Area (CFTA) Consultation has been held in Abuja.
The Department of Trade and Industry of the African Union (AU) Commissionand the Federal Ministry of Industry, Trade and Investment of Nigeria co-hosted the event various stakeholders in the banking services sector attended to review the findings of the draft report and contribute to its finalisation.
Representing the Trade and Industry Directorate of the AU Commission,Nadir Merah, Head of Trade Division, expressed his appreciation to Nigeriafor the partnership and support in conducting the study on banking services in Nigeria and organising the workshop.
He commended the Government for the steps taken towards preparation for the CFTA negotiations and for the successful efforts towards diversification of the economy especially in development of the successsector.
Special appreciation was extended to the Joint Europe- Africa SupportMechanism (JEAS-SM) for the financial support in conducting of the study.Abubakar Aliyu, on behalf of the Executive Secretary of the Federal Ministry of Industry, Trade and Investment, appreciated the AU Commission for choosing Nigeria as case study of successful services exporters of banking services.
“This study examines Nigeria’s trade in services policy context and inparticular, the structure and performance of Nigeria’s banking sector withregards to the export of banking services,” he said
At the end of the validation workshop, he urged stakeholders to jointly agree on a clear cut and realistic Action Plan with agreed timelines towards the realization of a more viable banking sector in Nigeriaexpending to Africa and the world.
Representatives of Nigerian Central Bank, private banks, Insurancecompanies, Nigerian Chamber of Commerce, Economic Commission for WestAfrican States, West African Chamber of Commerce, Universities and otherhigher institutions of learning attended the workshop in Abuja.
– CAJ News
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