President Muhammadu Buhari has announced that he would soon sign the African Continental Free Trade Area Agreement (AfCFTA).
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While speaking to state house correspondents after a meeting with South African president, Cyril Ramaphosa, on Wednesday, President Muhammadu Buhari, announced that he would soon sign the African Continental Free Trade Area Agreement (AfCFTA).
According to to PREMIUM Times, the disclosure is coming almost a month after the Nigerian Office for Trade Negotiations (NOTN) concluded a nationwide, sectoral and industry wide consultation and sensitisation exercise on the African Continental Free Trade Area.
It was gathered that on March 21 in Kigali, Rwanda, a summit attended by 44 African leaders adopted and signed the agreement establishing the AfCFTA.
President Buhari who disclosed that he would soon sign the agreement, said, “I was presented with the document, I am a very slow reader maybe because I was an ex-soldier.
"I didn’t read it fast enough before my officials saw that it was all right for signature. I kept it on my table. I will soon sign it,” he added.
When asked why he had not yet signed the agreement he said, “I am very careful about what I sign whether it is my checkbook or agreements especially when it involves nation states”.
Buhari added that Nigeria is populated, has so many young unemployed citizens and its industries are just coming up.
“So, in trying to guarantee employment, goods and services in our country, we have to be careful with agreements that will compete maybe successfully against our upcoming industries,” he said.
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