SHARE

Nigeria Has Belatedly Agreed to Join Africa Free Trade Zone

Must Read

UN Removes Marijuana from List of Most Dangerous Drugs

The United Nation. Commission on Narcotic Drugs voted Wednesday to remove cannabis and cannabis resin from a category of the world's most dangerous drugs, which could impact the global medical marijuana industry.

Transatlantic Slave Trade: The Legacy of Brazilian Slave Merchant Francisco Félix de Souza in Benin

Francisco Félix de Souza was an Afro-Brazilian slave trader and merchant who traded in palm oil, gold and slaves in the 18th and early 19th century.

Man Named Adolf Hitler Wins Local Election in Namibia

A man called Adolf Hitler Uunona who has been elected as a local councillor for Namibia's governing Swapo party.
SHARE



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 Has Belatedly Agreed to Join Africa Free Trade Zone

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 neighboring 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.

Reuters



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Just In

UN Removes Marijuana from List of Most Dangerous Drugs

The United Nation. Commission on Narcotic Drugs voted Wednesday to remove cannabis and cannabis resin from a category of the world's most dangerous drugs, which could impact the global medical marijuana industry.

Transatlantic Slave Trade: The Legacy of Brazilian Slave Merchant Francisco Félix de Souza in Benin

Francisco Félix de Souza was an Afro-Brazilian slave trader and merchant who traded in palm oil, gold and slaves in the 18th and early 19th century.

Man Named Adolf Hitler Wins Local Election in Namibia

A man called Adolf Hitler Uunona who has been elected as a local councillor for Namibia's governing Swapo party.

Ngozi Okonjo Iweala Named Forbes ‘African Of The Year’

Ngozi Okonjo-Iweala, Nigeria’s former minister of Finance and former Managing Director of the World Bank, has been named the Forbes African of the Year, 2020.

‘Black-ish’ Star Marsai Martin, Breaks Record for Youngest Hollywood Executive Producer

'Black-ish' star Marsai Martin, who's 16, has set a record for the youngest Hollywood executive producer.

More Articles Like This