President Muhammadu Buhari of Nigeria has said any African Free trade agreement must fairly and equitably represent the interest of Nigeria.
Buhari made this known on Monday evening, March 19, 2018 hours after Vice President Yemi Osinbajo presided over the 7th Presidential Quarterly Business Forum.
“Any African Free trade agreement must Fairly and Equitably represent the interest of Nigeria, and indeed, her African brothers and sisters,” he tweeted.
The president also disclosed that his administration is committed to ensuring that all trade agreements signed are beneficial to the long-term prosperity of Africa as a whole.
“As Africa’s largest economy and most populous country, we are committed to ensuring that all trade agreements we sign are beneficial to the long-term prosperity of the continent. We are therefore widening and deepening domestic consultations on the CFTA, to ensure that all concerns are respectfully addressed,” Buhari tweeted.
In furtherance, the President said: “Nigeria fully recognizes & appreciates the efforts of the African Union Commission so far, regarding the implementation of a sustainable Continental Free Trade Agreement(CFTA) for Africa. We also acknowledge that our continental aspirations must complement our national interests.”
Reiterating the commitment of Buhari’s administration towards agreements and ideas that will boost the country’s economy, VP Osinbajo presided over the Presidential Quarterly Business Forum, a platform for private sector / business leaders and groups to engage with senior Government officials (Ministers, Advisers, Heads of Agencies) on a regular basis.
The Nigerian economy has suffered a bad fate when it ran into recession months after President Buhari took over reigns of power but interestingly, the administration was able to wriggle out of recession in last months of 2017.