Osinbajo seeks inclusive trade to boost sub-regional economy

Yemi Osinbajo

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Vice President Yemi Osinbajo
Vice President Yemi Osinbajo

Vice President Yemi Osinbajo said there is a need to drive more inclusive trade initiatives and expand intra-regional trade in the ECOWAS sub-region.

Osinbajo stressed that with the opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement, that it became imperative to drive more inclusive trade initiatives and expand intra-regional trade to boost the sub-regional economy.

Osinbajo stated this on Friday evening in Abuja at the inaugural gala night of the Economic Community of West African States (ECOWAS) Trade Promotion Organizations (TPO) Network.

The President of ECOWAS TPO Network is the Executive Director/CEO, Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo; and the Vice President is the CEO of Cote d’Ivoire Export Promotion Organisation, Mr. Guy M’Bengue.

According to the Vice President, the TPO Network, which was established with the support of the International Trade Centre (ITC), “is a farsighted and insightful initiative of the ECOWAS, trade promotion organizations in the ECOWAS community.”

He added that the Network “must present a trustworthy platform for cross-learning and the sharing of knowledge and information assets.”

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The Vice President said, “the vision of our Heads of State and Governments in resolving to establish this network (TPO) is to build a more robust and broader economic space for trade and investment. A major part of that effort is that the network serves as a platform for businesses and trade promotion agencies in our sub-region to share knowledge and business opportunities, and develop trade capacity in our sub-region.”

According to the ECOWAS, the TPO Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initiatives within West Africa and beyond.

Prof. Osinbajo further said the Network has world-class human resource capacity to succeed in achieving its set objectives.

“The combined experience of the TPOs that form the network is mind-boggling. Second is our confidence in your resilience and commitment, which assures us that beyond the tunnel of those obvious challenges lies the bright light of a new era of trade prosperity for the people of the West Africa region and, indeed, the continent,” he said.

Commending the ECOWAS and the TPO network for the success of the launch and its First Annual General Assembly, the Vice President noted that “there is the imminent task of enabling our region benefit maximally from the AfCFTA and other intra and extra-regional export opportunities.”

Dignitaries present at the event include the wife of the Vice President, Mrs. Dolapo Osinbajo; Ministers of Foreign Affairs, Geoffrey Onyeama; Industry, Trade and Investment; Otunba Niyi Adebayo; his colleague Minister of State, Ambassador Mariam Katagum; Executive Director/CEO, NEPC, Segun Awolowo; the CEO of Cote d’Ivoire Export Promotion Organisation, Mr. Guy M’Bengue; the Vice President, ECOWAS Commission, Finda Koroma; among other senior government officials and development partners.

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