Oyo presents AfCFTA blueprint to Botswana government
The Oyo State Government presented its AfCFTA implementation strategy to Botswana, aiming to enhance bilateral trade relations.
The Oyo State Government of Nigeria has formally presented its implementation blueprint for the African Continental Free Trade Area (AfCFTA) to the Government of Botswana during a high-level meeting held in Gaborone. This initiative forms part of Oyo State's broader strategy to deepen trade cooperation within the framework of the AfCFTA, which seeks to promote intra-African trade and economic integration. The meeting involved significant discussions with Botswanaβs Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, highlighting the stateβs commitment to fostering stronger bilateral relationships.
Neo Tlhaselo, the Special Adviser on International Trade and AfCFTA to Governor Seyi Makinde, who represented the Oyo State Government at the meeting, emphasized the importance of economic diplomacy in effectively implementing the AfCFTA strategy. He articulated that strengthening economic ties through diplomatic channels is crucial for opening Oyo State to various businesses and enhancing trade exchanges with Botswana. This approach mirrors Africa's growing trend of regional economic partnerships aimed at boosting trade, investment, and economic growth on the continent.
Furthermore, the discussions reveal Oyo State's motivation to establish itself as a competitive player within the AfCFTA framework, aiming to leverage its resources and strategic location. Economic diplomacy is identified as a central theme in their implementation, suggesting that Oyoβs government is keenly focused on building international partnerships to create a conducive business environment. This initiative not only strengthens Oyo State's economic standing but also positions it as a model for other states in Nigeria and across Africa in embracing continental trade agreements.