The Federal Government has inaugurated a technical committee on the utilisation of the African Growth and Opportunity Act, (AGOA), with a target export volume of 50 million dollars to the United States.
In an issued statement yesterday in Abuja by the Director of Press in the ministry, Adebayo Thomas, quoted the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, as saying the committee is mandated to streamline a work plan on AGOA utilisation with a target export volume of 50 million dollars to the United States.
Further, the committee will provide strategic direction on AGOA implementation, monitoring, and evaluation in the country, he stated.
According to the Minister, maximising the benefits of AGOA has become critical for the country, especially given the abundance of natural resources. As one of Africas largest economies, Nigeria must capitalise on global economic integration by gaining duty-free and quota-free access to U.S. markets”, he said.
Adebayo urged members of the committee to take the task seriously and work toward its successful completion.
