“Africa, therefore, needs not only a trade policy but also a continental manufacturing agenda.” Buhari Nigeria AfCFTA Africa
President Muhammadu Buhari yesterday declared that the African Continental Free Trade Agreement poses mixed fortunes to the Nigerian economy.
However, while receiving the report of the committee set up to assess the impact of and readiness for the AfCFTA at the State House, Abuja, the number one citizen explained that the pact that Nigeria envisions was one that would assist the nation to create wealth for investors and contribute to the job creation programme of his government.
He held that, “if we allow unbridled imports to continue, it will dominate our trade. The implication of this is that coastal importing nations will prosper while landlocked ones will continue to suffer and depend on aid.” The Nigerian leader promised to consider the report of the committee which, according to him, would form part of the consideration in government’s decision on the next steps on the AfCFTA in particular and other broader trade integration subjects.He said they proposed policies, programmes, projects and interventions which may position the nation adequately for the AfCFTA.
For the Lagos Chamber of Commerce and Industry , it makes sense to sign the AFCFTA, adding that to influence the structure of the agreement, it is important to be part of it from the beginning.
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