President Muhammadu Buhari says Nigeria’s position in the African Continental Free Trade Area, AfCFTA remains that African economic and social integration must be rules-based and with built-in safeguards against injurious practices.
Buhari stated this in Abuja, when he inaugurated members of the National Action Committee for the Implementation of the AfCFTA Agreements.
The AfCFTA is an important part of the African Union- 2063 Agenda to promote economic and social integration on the continent.
The President said the mandate of the members is to support the efforts of Ministries, Departments and Agencies, MDAs of government, stakeholder associations and businesses to realize the benefits of AfCFTA, while putting measures to address any threat to Nigeria’s national interest that may arise.
Earlier in his remarks, the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo explained that AfCFTA is being negotiated in two phases.