Nigeria officially joined the African Continental Free Trade Area (AfCFTA) as President Muhammadu Buhari signed the Agreement Sunday in Niamey at the opening of the African Union (AU) Summit.


He told the Summit that Nigeria will build on the event by proceeding expeditiously with the ratification of the AfCFTA.

‘‘Nigeria wishes to emphasize that free trade must also be fair trade.

‘‘As African leaders, our attention should now focus on implementing the AfCFTA in a way that develops our economies and creates jobs for our young, dynamic and hardworking population.

‘‘I wish to assure you, that Nigeria shall sustain its strong leadership role in Africa, in the implementation of the AfCFTA. We shall also continue to engage, constructively with all African countries to build the Africa that we want,’’ President Buhari said.

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The Nigerian leader also congratulated Ghana on being selected to host the Secretariat of the AfCFTA.

President Buhari stated further: ‘‘I have just had the honour of signing the agreement establishing the African Continental Free Trade Area (AfCFTA), on behalf of my country, the Federal Republic of Nigeria.

‘‘This is coming over a year since the AfCFTA Agreement was opened for signature in Kigali, Rwanda, at the 10th Extraordinary Summit of the African Union, on 21st March 2018.

‘‘In fact, you will recall that the treaty establishing the African Economic Community was signed in Abuja in 1991.

‘‘We fully understand the potential of the AfCFTA to transform trade in Africa and contribute towards solving some of the continent’s challenges, whether security, economic or corruption.

‘‘But it is also clear to us that for AfCFTA to succeed, we need the full support and buy-in of our private sector and civil society stakeholders and the public in general.

‘‘It is against this background that we embarked on an extensive nationwide consultation and sensitization programme of our domestic stakeholders on the AfCFTA.

‘‘Our consultations and assessments reaffirmed that the AfCFTA can be a platform for African manufacturers of goods and providers of service to construct regional value chains for made in Africa goods and services.

‘‘It was also obvious that we have a lot of work to do to prepare our nation to achieve our vision for intra-African trade which is the free movement of ‘made in Africa goods’ ”.

‘‘Some of the critical challenges that we identified will require our collective action as a Union and we will be presenting them for consideration at the appropriate AfCFTA fora.

‘‘Examples are tackling injurious trade practices by third parties and attracting the investment we need to grow local manufacturing and service capacities.’’ he said

President Buhari noted that Nigeria’s signing of the AfCFTA and its Operational Launch at the 12th Extraordinary Summit was an additional major step. forward on the AU’s Agenda 2063.

With Nigeria and Benin Republic signing the Agreement at the Summit, 54 out of 55 African countries have signed the world’s largest free trade area deal, encompassing 55 countries and 1.2 billion people.

Eritrea is the only African country yet to sign the agreement.

A total of 26 African countries have deposited instruments of ratification, with Gabon being the latest after depositing her instrument of ratification during the Extraordinary Summit.

The AfCFTA Agreement entered into force on May 30, 2019 thirty days after having received the twenty-second instrument of ratification on 29 April, 2019 in conformity with legal provision.





Read more here https://thickmatch.com/free-trade-must-fair-trade-says-buhari/

does this man even Know the meaning of fair, or what the free trade is all about...

the only three words that bubu knows is: change, next level and Ruga; even the change and next level I'm not even sure he knows their meanings, if not I'm sure we won't be where we ar today.

i just pity the gullible nigerians that voted this cow master that cannot even lead his 50 gay cows to the stream to take us to the next level.

At least one can buy stuffs from other part if Africa with less restrictions and tariffs

Amen
God bless my president

Hi

What is the S.I unit for buhari? Someone said is failure..... Kpa.. Kpai chai who slap me ,,., Dss on the rampage here o..

Buhari has finally killed us. Massive dumping in Nigeria by China and India

Don't get it




Click on my signature and buy data

Not like Ruga

this is a very bad decision,there is nothing preventing France or any other European countries to build a factory in other countries and flood our market with their products.This is the final nail at our already soon to be dead manufacturing sector.

finally he signed it.from next year on watch as buhari will complain on how the trade has affected Nigeria

Ok

Ask him to define a free trade zone first of all. Aboki na aboki..

GoTV:
I don't know why we Christians refuse Ruga settlements in the south in order to restore peace. We complain about the destruction of our farms by herdsmen and alleged killings yet we reject Ruga settlements meant to isolate Fulani herdsmen nationwide. What do we Christians really want? Don't we want peace in this country

Are you speaking or spitting...

markwill3444:
Buhari has finally killed us. Massive dumping in Nigeria by China and India

Did he signed free trade with China or India? Or you don't know how free trades work?

GoTV:
I don't know why we Christians refuse Ruga settlements in the south in order to restore peace. We complain about the destruction of our farms by herdsmen and alleged killings yet we reject Ruga settlements meant to isolate Fulani herdsmen nationwide. What do we Christians really want? Don't we want peace in this country

We know what you mean by *WE* Abeg shift make we see road,seems your mumu never do.

Mumuu President that doesn't know what he signed


Brainless fooll

I just hope that Chinese will not take advantage of this trade pact and destroy our locally produced items. We really need to be watchful.

Awesome Move in the right direction.
I only hope France and Co will not sabotage this African movement by coniving with some Afrian states thereby disguising their goods in order to avoid tariffs accross African borders..

We sha dey look am as e dey go...

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contact me to configured urs. we meet 1 on 1 if ure in Lagos.

I just pray and hope Nigeria will not be a dump site for all goods from African countries. Fair trade is when we have a viable manufacturing sector with all the factors that enhance it in place.

nototribalist:
Mumuu President that doesn't know what he signed


Brainless fooll

I beg to disagree with you coz i dont think you know it either

Ibrahimmrfish:
this is a very bad decision,there is nothing preventing France or any other European countries to build a factory in other countries and flood our market with their products.This is the final nail at our already soon to be dead manufacturing sector.

If this should happen, that means we are in soup. I want to believe that Baba Buhari wouldn't have signed it if it will affect our local products.

Arkmanbuddy:
I just pray and hope Nigeria will not be a dump site for all goods from African countries. Fair trade is when we have a viable manufacturing sector with all the factors that enhance it in place.

I hope so too; custom and immigration need to do a lot to help Nigeria businessmen in this area.

TriggahMan:
At least one can buy stuffs from other part if Africa with less restrictions and tariffs

What do we Africans Produce that you’d Like to buy?

Does Buhari understand the meaning of free trade?because the only thing he understands is fulanis and Ruga settlement,signing free trade is just hypocritical when u are thinking Ruga for ur country.

ImpregnaTor:
does this man even Know the meaning of fair, or what the free trade is all about...

the only three words that bubu knows is: change, next level and Ruga; even the change and next level I'm not even sure he knows their meanings, if not I'm sure we won't be where we ar today.

i just pity the gullible nigerians that voted this cow master that cannot even lead his 50 gay cows to the stream to take us to the next level.

Change - when he decided to study afcfta very well and consult stakeholders before signing Nigeria up for it
Next Level - signing the afcfta and is going to make sure Nigeria leverage on it and being the biggest economy in Africa stands to gain most from arcfta

Gullibility is relative, to me you are the gullible one who believes that Cameroonian Server President is the one to improve your miserable life
You are entitled to your opinions

mujiboy:


What do we Africans Produce that you’d Like to buy?

Guy travel and see for yourself..

You dey here dey ask me.