16 July 2018

Nigeria: Why Nigeria Has Not Signed Afcta - Osinbajo

Photo: The Guardian

Abuja — Vice President Yemi Osinbajo Monday in Abuja said Nigeria was not ready to take chances by hastily signing the African Continental Trade Agreement (AfCTA) because the nation's economy is the real target of the agreement.

The vice-president who made this remark at the quarterly meeting of the Presidential Enabling Business Environment Council (PEBEC) meeting in the Presidential Villa, said the entire Africa awaits Nigeria's coming into the agreement because of the economic potentials inherent in Nigerian market.

According to the vice president, Nigeria is making extensive consultations because of suspicions that the agreement may cripple its manufacturing sector and simultaneously hamper the current benefits of agricultural revolution in the country.

He also said whereas the general consensus seems to favour Nigeria's participation in the trade agreement, there were concerns on the necessity to upgrade the business environment for virile competition, improve power supply and invest in infrastructure.


You Can't Be Shouting Allahu Akbar, Killing Innocent Citizens - Buhari

President Muhammadu Buhari on Thursday night reassured that the brutal activities of the Boko Haram sect would soon… Read more »

See What Everyone is Watching

Copyright © 2018 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.