Nigeria: African Continental Free Trade Agreement Can Create GDP of $500bn By 2035 - Moghalu

11 January 2024
Vanguard (Lagos)

A former deputy governor of the Central Bank of Nigeria CBN, Kingsley Moghalu said the African Continental Free Trade Agreement can create an additional GDP of almost $500 billion by 2035.

Moghalu stated this in an interview with Channels Television's Politics Today on Thursday.

The African Continental Free Trade Agreement can create an additional GDP of almost $500bn by 2035 and take about 30m Africans out of poverty, says a former CBN deputy governor Kingsley Moghalu. #CTVTweets#PoliticsToday pic.twitter.com/UIvzY5hTFA-- Channels Television (@channelstv) January 11, 2024

"The African Continental Free Trade Agreement can create an additional GDP of almost $500 billion by 2035 and take about 30 million Africans out of poverty," he said.

The former CBN deputy governor added that the deal could take about 30 million Africans out of poverty.

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