President Muhammadu Buhari has signed the instrument of accession of the agreement for the establishment of the African Trade...
President Muhammadu Buhari has signed the instrument of accession of the agreement for the establishment of the African Trade Insurance Agency.
A statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, disclosed this on Monday evening. The Agreement and the Agency are registered with the Secretariat of the United Nations in accordance with Charter of the United Nations and is in cognizant of the fact that lack of adequate political, non-commercial and commercial risk insurance is a significant impediment to the availability of finance for investments in Africa and the expansion of African foreign trade and intra-Africa trade.
A memorandum from the Minister of Justice and Attorney-General, Abubakar Malami, stated that the request for the President’s signature on the agreement was sequel to the directive of the Federal Executive Council, that the instrument be prepared and forwarded for execution. The ratification was adopted at Grand Bay in the Republic of Mauritius on the Eighteenth Day of May, 2000.
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