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AU woos Nigeria over free trade

The African Union (AU) has begun wooing Nigeria to rescind its decision to delay the signing of the controversial African Continental Free Trade Agreement (AfCTA).

The Chairman of AU, Mr Moussa Faki, is currently in Nigeria to visit and convince all the relevant authorities, including President Muhammadu Buhari, to see reasons.

The chairperson said one of the reasons for his visit was to discuss with Buhari, the issue of AfCTA, yet to be signed by Nigeria.

Nigeria refused to sign the agreement in July as it was believed that it would expose industries and small businesses to external pressures and competitions, which could lead to closures and job losses.

He said that Nigeria needed to be involved in pushing the AfCTA agenda for the benefit of the whole continent.

 

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