Nigeria’s President Muhammadu Buhari has finally signed the Agreement Establishing the African Continental Free Trade Area (AfCFTA).
The President signed the agreement at the opening of the 12th Extraordinary Session of the Assembly of African Union Heads of State and Government taking place in Niamey, Niger Republic.
What this means: By signing, Nigeria joins 54 countries in ratifying what is considered the largest continental free trade agreement in the world.
The agreement ensures Nigerian products and services can now be exported beyond its borders without having to worry about multiple tariffs and barriers to trade. It turns allows other competing manufacturers to export products into Nigeria.