JUST IN: Buhari Signs African Continental Free Trade Area Agreement

JUST IN: Buhari Signs African Continental Free Trade Area Agreement

His Excellency, President Muhammad Buhari has finally signed the African Continental Free Trade Area, AfCFTA, agreement.

The president signed it at the 12th extraordinary session of the assembly of the union on AfCFTA and the first mid-year coordination meeting of the African Union (AU) and the regional economic communities (RECs) in Niamey, Niger Republic.

The president signed the agreement at exactly 10:48 am, making Nigeria the 53rd country on the continent to append its signature to the document.

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Mr Buhari had said he delayed the signing of the agreement, “to give room for extensive consultations with stakeholders”.

He had set up a committee to assess the impact of Nigeria joining the free trade area.

The committee had recommended that Nigeria should sign the agreement which aims to boost intra-African trade.

 

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