BREAKING: Finally Buhari Signs AfCFTA Agreement {see details}
The President of Nigeria Muhammadu Buhari has finally signed the African Continental Free Trade Area (AfCFTA) agreement,making Nigeria the 53rd state on the continent to append its signature to the document.
President Muhammadu Buhari in Niamey, Niger Republic, signed the African Continental Free Trade Area (AfCFTA) agreement, making Nigeria the 53rd state on the continent to append its signature to the document.
Reports reaching the News Agency of Nigeria (NAN) in Abuja, indicated that the president signed the agreement at exactly 10.47 am local time.
NAN observed that the signing of the agreement was the first event at the opening of the 12th Extra Ordinary Summit of the African Union on launch of the Operational Phase of the AfCFTA.
Buhari had delayed in signing the agreement, which entered into force May 30, 2019.
The delay was to give room for extensive consultations with stakeholders, culminating in the submission of the report by the Presidential Committee to Assess Impact and Readiness of Nigeria to join the free trade area.
The committee had recommended that Nigeria should sign the agreement which aims to boost intra-African trade.
In accepting the report as submitted, the President made it clear that the Nigerian government would be seeking to include terms that engender the development of policies that promote African production, among other benefits.
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