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Nigeria free trade agreement benefits should win out

Content type:
Expert Briefings
Location:
NIGERIA
Keywords associated with this article:
Geographic: Nigeria, AF, Africa, West Africa
Topical: economy, industry, international relations, politics, social, foreign investment, foreign policy, foreign trade, government, investment, party, policy, prices, election
ISSN:
2633-304X
Wednesday, July 24, 2019

Nigeria joins AfCFTA.

After over a year of consultations and deliberations, President Muhammadu Buhari’s administration on July 7 finally signed up to the African Continental Free Trade Agreement (AfCFTA). Despite some valid concerns from local industry and ongoing political opposition, Buhari followed the recent recommendations of a government-commissioned committee.

  • Several sectors (such as poultry or food processing) will likely undergo productivity enhancing reorganisation amid new competition threats.
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