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Just In: President Buhari Finally Agrees To Sign AFCFTA

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Buhari makes fresh appointment

President Muhammadu Buhari has finally agreed to sign the African Continental Free Trade Area (AfCFTA)  agreement and treaty this weekend.

Naija News understands that the President announced his decision via the twitter handle @NGRpresident.

It will be recalled that president Buhari had earlier in June received the recommendation of the presidential committee on impact and readiness assessment on AfCFTA. Buhari had said that Nigeria could not afford to rush into signing the agreement as it has both negative and positive effects on the economy.

Naija News reports that AfCFTA is a trade agreement between 49 African Union member states with the goal of creating a single market followed by free movement and a single-currency union

Nigeria’s agreement to the deal comes three days after members of the Economic Community of West African States (ECOWAS) agreed to launch ECO, proposed single currency in the region.

The heads of the 15-member countries reached this decision at the 55th ordinary session of ECOWAS in Abuja.



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