African Export-Import Bank (Afreximbank) has opened the first African Quality Assurance Centre (AQAC) in Ogun State, Nigeria, as part of its initiative to develop world-class quality assurance centres across Africa.
The initiative is aimed at ensuring that Made-in-Africa products comply with international standards and technical regulations in order to promote exports and facilitate intra and extra-African trade.
Speaking at the official commissioning ceremony of the Ogun State AQAC, Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, noted that it is a significant milestone in the implementation of the Bank’s industrialization strategy.
“We are very happy to see this important project come to fruition on schedule. We are delighted to provide Nigeria and Africa with the first of these centres that will quickly restore global confidence in products originating from Africa. The Ogun State AQAC will help Nigeria and neighbouring countries in West and Central Africa to boost their exports and gain access to global and regional markets. It will also help to set high standards in product packaging and branding and attract investment in these spin-off activities. These activities will help to improve the quality of life, create jobs and promote export diversification.”
Professor Benedict Oramah
Meanwhile, Afreximbank worked on the implementation of this premier AQAC with Bureau Veritas as a technical partner, who will also be responsible for operating the project to ensure that the AQAC in Ogun State is successful, commercially viable and sustainable.
“On behalf of the Bureau Veritas Group, I am very proud to participate as a partner in this project and to be able to bring our unique technical expertise and experience,” said Marc Roussel, Senior Vice President of Bureau Veritas Africa, President of Government Services.
“It is an outstanding achievement for our company and the employees who are going to work here; food safety is equal to food security; let us start with shaping a world of trust by shaping trust in Africa, trust that will not only lead to growth and wealth creation but shifts the paradigm to where ‘the Made in Africa’ becomes synonymous with 100% of Quality.”
Marc Roussel
Strategies By Federal Government For Boosting Exports
Also speaking, the Honourable Otunba Adeniyi Adebayo, Minister of the Federal Ministry of Trade and Investment, representing His Excellency Muhammadu Buhari, President of the Federal Republic of Nigeria, said, “Boosting export is the strategy that the federal government has designed to bridge the supply gap and generate earnings in the near future. Quality assurance places us on the right footing as we continue to drive Nigeria’s industrialisation agenda and boost job creation”.
In his remarks, H.E. Adedapo Abiodun, Executive Governor of Ogun State, stated that the opening of the center is another symbolic representation of Afreximbank’s commitment as a partner in the development agenda of Ogun State.
“We are sincerely proud to be part of this success story. Our vision remains to give Ogun state focused and qualitative governance and to create the enabling environment for a public-private sector partnership, which is fundamental to the creation of an enduring economic development and individual prosperity of the people of Ogun.”
H.E. Adedapo Abiodun
Construction of the Ogun State AQAC began in February 2021 on a 5-hectare plot of land allocated to the project by the Ogun State. The facility is strategically located along the Lagos-Ibadan Expressway and is 65 km from Lagos, the key port city and commercial capital of Nigeria and 75 km from Ibadan, a major commercial and industrial hub of South-West Nigeria.
In addition to the AQAC in Ogun State, Afreximbank has committed to deploy over US$100 million through its wholly owned subsidiary, Fund for Export Development in Africa (FEDA), to develop other AQACs in Nigeria and across the continent.
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