Nigerian Government has finally submitted the instrument of ratification for the African Continental Free Trade Area Agreement (AfCFTA) to the African Union Headquarters in Addis Ababa, Ethiopian Capital.
The ratification instrument was submitted by a Nigerian delegation led by Amb. Richard Adeola, Charge D’Affaires Nigeria’s Permanent Mission to the African Union and Senior Special Assistant to the President on Public Sector Matters, and Secretary of the National Action Committee on the Africa Continental Free Trade Area, Mr. Francis Anatogu.
The event follows the recommendation by the Federal Executive Council to President Muhammadu Buhari to ratify the AfCFTA Agreement.
Nigeria, with this step, became the 34th African nation to deposit their instrument of ratification, a move that finally solidifies her mission to lead a single market for goods and services and free movement of persons within Africa.
The move also demonstrates to the world Nigeria’s economic leadership position where its resources will be used to drive the vanguard of intra trade on the African continent.
The African Continental Free Trade Agreement will take effect from January 2021.
