Nigeria: AfCFTA Will Transform Nigeria's Economy - VP Osinbajo

27 September 2019

Vice President Yemi Osinbajo has said that the African Continental Free Trade Area Agreement (AfCFTA), which was signed by President Muhammadu Buhari recently "can transform Nigeria from a 'target economy' to the 'Africa Gateway Economy', boosting job creation through increased intra-African trade, and spurring growth through enhanced economic welfare; with an estimated 8 per cent increase in Nigeria's total exports."

Prof. Osinbajo however said that the provision of adequate, stable and uninterrupted power for businesses is central to Nigeria's AfCFTA readiness for the planned takeoff of its implementation. He said AfCFTA presents both opportunities and threats for the Nigerian market.

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