Friday, March 22, 2019

AfCFTA... Going.....going.....going.....almost gone

The African Continental Free Trade Agreement (AfCFTA) was launched exactly a year ago. 
Out of 55 countries, only Nigeria, Tanzania and Eritrea are yet to sign this agreement.

Out of the 22 countries required to ratify for it to take effect, 21 have ratified and just one more country this agreement will take effect leaving Nigeria behind.

What still baffles me is what Nigeria is afraid of. Nigeria is the major beneficiary of such agreements in ECOWAS and now we have opportunity for larger market and we have refused to be part of it just because of politics, unfunded fear, ignorance, opacity and lack of foresight.
I just hope that Nigeria will not be left behind in this largest free trade agreement in the world.

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