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Nigeria will sign the Continental Africa Free Trade Agreement as soon as President Muhammadu Buhari approves the impact badessment report he requested, the country's trade minister said.
Nigeria is one of 29 countries to sign the agreement to boost intra-African trade, boost investment and innovation. The trade agreement comes into effect on May 30 after the ratification of 22 African countries.
"I think the President has a sense of urgency about this, because when he asked us to conduct an impact study, we had only three months left to finish everything and we We did, "said Okechukwu Enelamah, Nigerian Minister of Industry, Trade in an interview in Abuja, Nigeria's commercial capital.
"We need to close our processes and make sure that the train does not leave the station and that it goes far before we reach."
Nigeria has taken a proactive approach to its trade policy, which has recently been revised for the first time in many years, said Enalamah.
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