The presidency announced this via Twitter on Wednesday.
According to the tweet, Buhari will sign the agreement at the 12th Extraordinary Summit of the African Union scheduled to hold from July 4 to July 8 in Niamey, Niger Republic.
His resolve to sign the treaty comes after “extensive domestic consultations”.
Recall that the Pres. Cttee on the Impact & Readiness Assessment of the Agreement Establishing the AfCFTA submitted its Report to Pres @MBuhari Thur June 27, 2019.
In June, the presidential committee on impact and readiness assessment on AfCFTA had submitted its report to the president, recommending that Nigeria sign the treaty.
Buhari had said that Nigeria could not afford to rush into signing the agreement as it has both negative and positive effects on the economy..
AfCFTA is a trade agreement between 49 African Union member states with the goal of creating a single market followed by free movement and a single-currency union.
It was signed in Kigali, Rwanda, on 21 March 2018. Ratification by 22 countries is required for the agreement to enter into force and the African Continental Free Trade Area to become effective.
Nigeria’s agreement to the deal comes three days after members of the Economic Community of West African States (ECOWAS) agreed to launch ECO, proposed single currency in the region.
The heads of the 15-member countries reached this decision at the 55th ordinary session of ECOWAS in Abuja.
READ ALSO : Breaking: President Mohammadu Buhari Suspends “ruga” Settlement Initiative Till Further Notice!
READ ALSO : How Senator Bassey received N204m vehicles from Diezani’s ally, Omokore – EFCC alleges
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984
For More: Subscribe to Ujuayalogusblog.com
No comments:
Post a Comment