Audio By Carbonatix
Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister said.
Nigeria is one of 29 countries yet to sign the agreement seeking to boost intra-African trade, stimulate investment and innovation. The trade deal comes into effect May 30 after 22 African countries ratified it.
“I think the president has a sense of urgency about this because when he asked us to conduct an impact assessment study, we were given just three months to finish everything and we have done so,” Okechukwu Enelamah, Nigeria’s minister of industry, trade and investment, said in an interview in Abuja, Nigeria’s commercial capital.
“We do need to conclude our processes and make sure that the train doesn’t leave the station and go far before we join.”
Nigeria has adopted a proactive approach to its trade policy, which has been recently reviewed for the first time in many years, Enalamah said.
Latest Stories
-
Why ‘Black Box’ AI models fail governance standards in banking
30 minutes -
Academic City and partners issue white paper for stronger digital accountability as Ghana loses GH¢19.3m to cybercrime
1 hour -
Blank passports, visa stickers found in office of Ghana Embassy IT officer accused of concealing digital records
1 hour -
Africa’s youth are looking for jobs: The food system may hold the answer
1 hour -
Fidelity Bank advocates stronger systems to unlock Ghana’s trade and enterprise potential
1 hour -
COCOBOD CEO dismisses claims over new Cocoa Bill, says reforms will protect farms and improve sector
2 hours -
Absa, Impact Food Hub empower agribusiness entrepreneurs for growth
2 hours -
Access Bank Ghana secures certification as a Carbon Credit Broker
2 hours -
Accra Mall ignites cultural heat this weekend with vibrant live music celebration
2 hours -
Africa keeps rebuilding its food security every time a shipping lane closes
2 hours -
Keta-Axim water transport route moves a step closer as government commissions feasibility study
2 hours -
Construction of Bolgatanga Airport to begin by end of 2026 – Mahama
2 hours -
Onion traders hail Trade Minister’s intervention as Ghana-Nigeria trade dispute eases
2 hours -
COCOBOD threatens to withdraw LBC licences over cocoa purchases on credit
2 hours -
Western Region needs stronger investment coordination to unlock economic potential — Joseph Nelson
2 hours