Audio By Carbonatix
The continent’s biggest economy, Nigeria announced on Wednesday that it would sign the Africa free trade agreement at the coming African Union summit.
Nigeria was one of the last countries that had not committed to signing the deal and its decision to join the bloc will significantly bolster its clout.
The African Continental Free Trade Agreement (AfCFTA) aims to eliminate tariffs between member states, creating a market of 1.2 billion people with a combined GDP of more than $2.2 trillion.
Nigeria was one of the last countries that had not committed to signing the deal and its decision to join the bloc will significantly bolster its clout.
The African Continental Free Trade Agreement (AfCFTA) aims to eliminate tariffs between member states, creating a market of 1.2 billion people with a combined GDP of more than $2.2 trillion.
Apart from Nigeria, only Eritrea and Benin have chosen not to join the zone. President Muhammadu Buhari had expressed concern it could allow neighbouring countries to inundate Nigeria with low-priced goods, and confound efforts to encourage moribund local manufacturing and expand farming.
But a panel set up to assess the impact of joining the bloc recommended last week the president “should consider joining.”
“Our position is very simple, we support free trade as long as it is fair and conducted on an equitable basis,” the Twitter feed quoted Buhari as saying.
It added Nigeria would sign onto the deal at an upcoming African Union summit in Niamey, Niger. The agreement with the other signatories came into force on May 30.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Jinapor announces WhatsApp system for reporting power faults and outages
2 minutes -
National Service Authority cuts payroll from GH₵1.6bn to GH₵700m after ghost names cleanup
12 minutes -
Employers hiring staff without National Service certificates risk sanctions – NSA
18 minutes -
Stonebwoy’s rise cannot be reduced to one claim
39 minutes -
The world in crisis, the world in transition: The UN and the weight of the next secretary-general
52 minutes -
Ghanaian Silas Boateng elected President of the Middle Temple Young Barristers’ Association
1 hour -
Togo deepens diplomatic ties with Sahel States Alliance
1 hour -
Cover-up will hurt NPRA more than original allegations – Dr Bomfeh
1 hour -
Republic of Congo’s prime minister Makosso resigns
1 hour -
Ghana’s first female world boxing champion Abigail Quartey seeks new management
2 hours -
Seidu Suraj credits Dreams FC for form after FA Cup heroics
2 hours -
Why every Ghanaian must support the Free Primary Health Care Programme
2 hours -
Today’s front pages: Monday, April 20, 2026
2 hours -
Government’s fuel relief avoids immediate revenue hit but puts OMCs under pressure
2 hours -
Ketu North MP Edem Agbana secures additional Starlink devices to boost digital learning in schools
3 hours