img Nigerialog.com - Nigeria's Premier Online Forum - 44 African nations sign pact establishing free trade area: AU
Welcome, Guest.
Did you miss your activation email?

Date: October 14, 2019, 09:28:43 AM

Contact
imgimgimg

44 African nations sign pact establishing free trade area: AU: Politics : Nigerialog.com - Nigeria's Premier Online Forum

268 views

44 African nations sign pact establishing free trade area: AU

By: dayan (M) |Time : March 21, 2018, 06:28:36 PM
Forty-four African countries have signed an agreement establishing a free trade area seen as vital to the continent’s economic development, the head of the African Union said Wednesday.

“The agreement establishing the CFTA (African Continental Free Trade Area) was signed by 44 countries,” said Moussa Faki Mahamat, chairperson of the AU commission.

The creation of a free trade area — billed as the world’s largest — comes after two years of negotiations, and is one of the AU’s flagship projects for greater African integration.

However, the agreement will still have to be ratified at a national level, and is only due to come into force in 180 days.

The full list of countries which did not sign the agreement is not yet available, however Nigeria is a notable absentee after President Muhammadu Buhari pulled out of this week’s launch in Rwanda saying he needed more time for consultations at home.

Nigeria, one of Africa’s largest markets, hesitated after objections from business leaders and unions — a sign that getting the deal through scores of national parliaments may face several hurdles.

“Some countries have reservations and have not finalised their national consultations. But we shall have another summit in Mauritania in July where we expect countries with reservations to also sign,” said Albert Muchanga, the AU Commissioner for Trade and Industry.

Source: Guardian

Re: 44 African nations sign pact establishing free trade area: AU

By: dayan (M) |Time : March 21, 2018, 06:32:14 PM
Quote
Nigeria, one of Africa’s largest markets, hesitated after objections from business leaders and unions — a sign that getting the deal through scores of national parliaments may face several hurdles.

I wonder why Nigeria which should be leading Africa in these things should be hesitating.
I wonder which "business leaders and unions" want for Nigeria to cede her natural leadership position to tiny countries like Rwanda and the like.
This is embarrassing to say the least.
This is why we need very well educated and confident leaders at the top.
Imagine Nigeria fearing competition from other African countries.
Simply laughable.

Re: 44 African nations sign pact establishing free trade area: AU

By: Ramjoe (M) |Time : March 24, 2018, 01:09:13 PM
I wonder why Nigeria which should be leading Africa in these things should be hesitating.
I wonder which "business leaders and unions" want for Nigeria to cede her natural leadership position to tiny countries like Rwanda and the like.
This is embarrassing to say the least.
This is why we need very well educated and confident leaders at the top.
Imagine Nigeria fearing competition from other African countries.
Simply laughable.

Real, capable and efficient leaders who can take initiatives. Those who can take the bull by the horn, make huge and important decisions under pressure and still get most of it right.

Quote


Nigeria is a notable absentee after President Muhammadu Buhari pulled out of this week’s launch in Rwanda saying he needed more time for consultations at home.




Laughable is an understatement. Did he go without a plan? Shouldn't the Nigerian president be part of the picture when economic decisions are to be made? We are and should always be part of the leading pack not second generation.

0 Members and 1 Guest are viewing this topic. Reply

web site traffic statistics