Herbert Wigwe speaks at the 2020 Vantage Forum organised by The Elevation Church.
Updated: Mar 27, 2020
Founder of The HOW Foundation, Dr Herbert Wigwe was invited as a guest speaker at the Vantage Forum 2020 organised by the Elevation Church Lekki.
Other Industry experts in the private and public sectors including Yewande Sadiku, executive secretary/CEO, Nigerian Investment Promotion Commission (NIPC), and Olusegun Omisakin, director of research/chief economist, Nigerian Economic Summit Group (NESG), last week, discussed crucial economic trends, government policies and other issues that can affect businesses in Africa’s rapidly evolving market.
At the sixth edition of the Vantage Forum, an annual high-profile business event organised by The Elevation Church (TEC), the business leaders analysed the African Continental Free Trade Area (AfCFTA) agreement, its economic implications and how Nigerians can maximise the opportunities it presents through innovation.
Wigwe highlighted the benefits to be derived from the AfCFTA by Nigerians, stating that the initiative would boost intra-African trade from 16 to 52 percent, making Nigerian Small and Medium Scale Enterprises (SMEs) more competitive with access to a larger market.
“The AfCFTA could be the most important opportunity offered to African countries in a long time. This is because, for many years, the absence of a regional economic framework has limited the continent’s development,” Wigwe said.
According to Wigwe, the benefit of the initiative to Nigerians includes opportunities for business expansion, removal of tariffs on commodities, infrastructural development and free trade.
However, to take advantage of these opportunities, Nigeria needs to increase the quality of its products and improve its infrastructure, he said.
Herbert presence at the forum was in-line with his passion and belief in leadership and mentorship programs for young leaders.