Nigeria will sign an Africa Free Trade Agreement at the upcoming African Union Summit in Niamey, Niger.
This was disclosed in a statement posted on the Nigeria presidency’s Twitter feed .
President Muhammadu Buhari has expressed concern to allow neighbouring countries to enter Nigeria with low-priced goods and encourage local manufacturing and expand farming.
The country is the largest economy on the continent and one of the last countries that had not committed to signing the deal.
The African Continental Free Trade Agreement seeks to eliminate tariffs between member states, create a market of 1.2 billion people with a combined Gross Domestic Product of more than $2.2 trillion.