After Nigeria signed up to the AfCFTA Agreement on July 7, 2019, following rigorous nationwide stakeholder consultation and assessment of the impacts and our readiness.
The Ministry of Industry, Trade and Investment has concluded plans to lead the country into African Continental Free Trade Agreement (AfCFTA) 2021.
Secretary, National Action Committee on AFCFTA and Senior Special Adviser to the President on Public Sector Matters, Francis Anatogu, disclosed that the continental trade provides preferential access to Africa market worth over $650billion in mostly manufactured goods and services, which aligns with the nation’s twin national objectives of industrialisation and export base diversification.
According to him, trade under AfCFTA regime was initially planned to commence on July 1, this year but has been shifted to January next year due to COVID-19 pandemic, which stalled the negotiations on the Phase I built-in agenda.
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