* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

The path for Nigeria: Addressing NTBs to secure food and trade leadership

March 6, 2024
in Business
The path for Nigeria: Addressing NTBs to secure food and trade leadership
Share on FacebookShare on Twitter

Often, when we get into the discussion of Nigeria and Africa in the global trade landscape, the narrative gravitates towards simplifying tariffs as a linchpin for fostering trade relations and catalysing growth. Yet, this discourse is markedly incomplete without thoroughly examining non-tariff barriers (NTBs), which present a labyrinth of challenges, often more daunting and multifaceted than their tariff counterparts.

For Nigeria, Africa’s largest economy, dismantling NTBs is not just a trade imperative; it is a strategic necessity to ensure food security, bolster manufacturing, and position the nation as a trade hub for West Africa, especially in the context of the African Continental Free Trade Area (AfCFTA).

Non-tariff barriers are the restrictive regulations and procedures other than tariffs that countries use to control the amount of trade across their borders. Unlike tariffs, which are clear in their intent and quantification, NTBs encompass a wide range of policy measures that could be trade-distorting but are not always apparent or direct. These include quotas, import licensing systems, sanitary and phytosanitary standards (SPS), technical trade barriers (TBT), and various customs and administrative entry procedures.

Non-tariff barriers are the restrictive regulations and procedures other than tariffs that countries use to control the amount of trade across their borders.

Overcoming non-tariff barriers

To harness the potential of NTB reduction for bolstering food security and emerging as a trade and manufacturing nexus in West Africa, Nigeria must embark on a comprehensive, multifaceted strategy encompassing regulatory harmonisation, capacity building, and infrastructural enhancement. Let’s take each of these ideas briefly. To leverage NTB reduction for food security and to become a manufacturing and trade nexus in West Africa, Nigeria must embark on a multi-faceted strategy that includes regulatory harmonisation, capacity building, and infrastructural development.

A critical step in dismantling barriers to trade (non-tariff barriers, or NTBs) involves harmonising regulations and standards with international norms. This, along with streamlining customs procedures to reduce border wait times, can significantly boost trade. Digital customs processes, which eliminate physical paperwork and enhance efficiency, are key to achieving this. Nigeria can look to the European Union’s Single Market for inspiration, where regulatory harmonisation has significantly eased cross-border trade among member states, promoting economic growth and attracting foreign investment.

Also, to strengthen sanitary and phytosanitary measures, we need to invest in quality control labs and training for farmers on international standards. Kenya’s success in exporting horticultural products to the European market, despite stringent SPS measures, serves as a practical model. By enhancing SPS compliance, Nigeria can not only protect domestic agriculture but also access new markets. For Nigeria, improving food security while boosting agricultural exports means elevating SPS measures.

It is also very important to enhance technical competence and infrastructure to address technical barriers to trade. This definitely requires technical competence and investment in infrastructure development. This includes standardisation of products, accreditation of facilities, and training of personnel on international standards. Singapore’s investment in world-class port infrastructure and its adoption of international product standards showcase how technical enhancements can facilitate trade.

All that said, to effectively address NTBs, Nigeria must engage in dialogue and collaboration with its trade partners, both within and outside Africa. Establishing joint committees or working groups to regularly review and address NTBs can ensure continuous progress. The success of the European Union’s Trade Barrier Regulation in identifying and overcoming NTBs through diplomatic channels illustrates the power of engagement.

Learning from global best practices

Several countries have successfully navigated the challenges posed by NTBs, offering valuable lessons for Nigeria. A case in point is Rwanda’s focus on improving its business environment. By including the simplification of customs procedures and investment in technology, it has significantly reduced NTBs. Rwanda’s approach demonstrates the importance of political will and the adoption of technology in trade facilitation.
Apart from Africa, other examples include Chile and New Zealand. Chile has an extensive network of trade agreements that include specific provisions for addressing NTBs, demonstrating the importance of legal frameworks in trade facilitation. Nigeria could explore similar agreements, particularly within the AfCFTA context, to systematically address NTBs. For New Zealand, it is an example of using a sophisticated phytosanitary approach to SPS measures as a way of balancing trade facilitation with the protection of biodiversity. This offers a model for Nigeria to protect its agricultural sector while expanding export opportunities.

For Nigeria, the dismantling of non-tariff barriers is as crucial as tariff reduction for unlocking the country’s trade potential. By focusing on regulatory harmonisation, enhancing SPS measures, improving technical infrastructure, and fostering engagement and collaboration, Nigeria can overcome the challenges posed by NTBs. Learning from the success stories of countries like Rwanda, Chile, and New Zealand, Nigeria can pave the way for a future where it not only secures its food supply but also emerges as a manufacturing and trade hub in West Africa.
The journey towards this future requires concerted effort, strategic planning, and an unwavering commitment to reform and innovation. With the right policies and actions, Nigeria can transform its trade landscape, benefiting not just its economy but also setting a precedent for trade facilitation across Africa under the AfCFTA.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Businessday.ng – https://businessday.ng/opinion/article/the-path-for-nigeria-addressing-ntbs-to-secure-food-and-trade-leadership/

Tags: addressingbusinessNigeria
Previous Post

Damian Lillard Dazzles NBA Fans in Bucks’ Win vs. Clippers Despite Giannis Injury

Next Post

Investment migration offers Nigeria opportunities to boost FX inflows

Foraging strategy and tree structure as drivers of arboreality and suspensory behaviour in savannah-dwelling chimpanzees – Frontiers

Foraging strategy and tree structure as drivers of arboreality and suspensory behaviour in savannah-dwelling chimpanzees – Frontiers

August 2, 2025
EPA attacks climate science. Here are the facts. – E&E News by POLITICO

EPA Questions Climate Science: Key Insights You Shouldn’t Miss

August 2, 2025
6 science-backed strategies to improve your memory – National Geographic

6 Proven Science-Backed Strategies to Boost Your Memory

August 2, 2025
Trying to keep your brain young? A big new study finds these lifestyle changes help – NPR

Trying to keep your brain young? A big new study finds these lifestyle changes help – NPR

August 2, 2025
2025 World Junior Summer Showcase: 3 things learned on Day 5 – NHL.com

3 Must-Know Highlights from Day 5 of the 2025 World Junior Summer Showcase

August 2, 2025
Economic Reality Bites Trump and His Protectionist Trade Policies – The New Yorker

How Trump’s Protectionist Trade Policies Ended Up Hurting the Global Economy

August 2, 2025
Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

August 2, 2025
President Trump Delivers Remarks on Making Health Technology Great Again – The White House (.gov)

President Trump Delivers Remarks on Making Health Technology Great Again – The White House (.gov)

August 2, 2025
Trump’s super PAC in powerful financial position with nearly $200 million on hand – CNN

Trump’s super PAC in powerful financial position with nearly $200 million on hand – CNN

August 2, 2025
It’s time to retire the word ‘technology’ – Financial Times

Why It’s Time to Retire the Word ‘Technology’ for Good

August 2, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (750)
  • Economy (775)
  • Entertainment (21,653)
  • General (16,241)
  • Health (9,812)
  • Lifestyle (783)
  • News (22,149)
  • People (776)
  • Politics (784)
  • Science (15,988)
  • Sports (21,270)
  • Technology (15,752)
  • World (758)

Recent News

Foraging strategy and tree structure as drivers of arboreality and suspensory behaviour in savannah-dwelling chimpanzees – Frontiers

Foraging strategy and tree structure as drivers of arboreality and suspensory behaviour in savannah-dwelling chimpanzees – Frontiers

August 2, 2025
EPA attacks climate science. Here are the facts. – E&E News by POLITICO

EPA Questions Climate Science: Key Insights You Shouldn’t Miss

August 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version