ANALYSIS

Enforcement of Contracts: Advocating for Minimal Government Intervention.

Contracts are the bedrock of commerce, fostering trust between parties by ensuring that promises are legally binding. In well-functioning markets, the enforcement of contracts ensures that parties honor their agreements, providing predictability and stability. However, there’s growing debate over the role of government in this process. Should enforcement be heavily regulated, or is minimal government …

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AfCFTA on MSMEs

There is an high level of unfamiliarity with the AfCFTA’s existence. MSMEs will not be able to prepare effectively, let alone take full advantage of, AfCFTA without prior awareness. There is therefore need to pay attention to both digital and non-digital dissemination strategies to ensure full reach of Nigerian businesses irrespective of their technological participation …

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Reducing the average days required to start a business in Nigeria from 7 to 2 days

Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The …

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Free Trade

“The establishment of free trade agreements can be a critical and progressive step towards greater economic integration, and continues to become more valuable in an increasingly global world.” Dan Kildee  

The Africa Continental Free Trade Area (AfCFTA)

61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries. Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020 Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information, …

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