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Nigeria’s Akin-Olugbade makes history with new appointment

Dr. Adesegun Akin-Olugbade, an international expert in law and finance, has been named a member of the World Trade Board.

Akin-Olugbade, an international lawyer, joins 20 other world trade and finance leaders on the council, as the first African member.

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The president of the World Trade Board, Simon Paris, revealed this in a statement Thursday in Lagos, reports NAN.

Paris said the appointment comes at the most auspicious moment, with the formal inauguration of the operational phase of the Africa Continental Free Trade Agreement (AfCFTA).

“AfCFTA has established a Continental Free Trade Area for the African continent of 1.2 billion people, with a combined Gross Domestic Product (GDP) of 2.3 billion dollars.

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“With the protectionism looming around the world and the increasing regulation that poses new challenges, world trade is in a state of change.

“In this unknown environment, the shared vision of the collaborative, connected, and inclusive trade board enabled by the latest commercial technologies has never been so important.

“We welcome Dr. Adesegun Akin-Olugbade to our cohort as we continue to strive to boost open trade for the benefit of all,” he said.

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According to him, Akin-Olugbade is combining the highest academic qualifications and professional distinctions with excellent legal skills, extensive transaction experience, and corporate governance experience.

The Nigeria News Agency reports that before Akin-Olugbade joined ǼLEX, it was in the African Development Bank Group (AfDB), the African Finance Corporation and the African Export and Import Bank in Cairo, Egypt.