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Nigerian President Muhammadu Buhari has warned the Economic Community of West African States (ECOWAS) not to abuse the African Continental Free Trade Area (AfCFTA) agreement.
The trade agreement begins on January 1, 2021.
Buhari spoke at the 13th Extraordinary Summit of the Assembly of Heads of State and Government of the African Union which took place practically on Saturday.
Represented by Nigerian Foreign Minister Geoffrey Onyeama, Buhari said he was excited by the start of the deal.
The Nigerian leader said it was a realization of the collective dreams of Africa’s founding fathers.
He stressed that any violation of the rule could affect trade relations, cause unrest, regional and geopolitical tensions and reduce economic growth.
“Given Nigeria’s strategic role in our collective efforts to build the Africa We Want, the Nigerian government has taken bold steps to ratify the AfCFTA.
“It is, however, relevant to remind ourselves of the need to preserve the agreed rule that we are putting in place, in order to ensure that there is no breach or abuse of the rules based on the continental free trade framework. ”
Buhari noted that Nigeria is aware of its role in deepening intra-African trade and is making it a success.
He ensured that Africa’s largest nation remains open to working with all African nations
– DailyPost.Ng
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