President Muhammadu Buhari has approved establishment of a National Action Committee (NAC) for implementation of African Continental Free Trade Area (AfCFTA) Agreement, which he signed on behalf of Nigeria at the 12th Extraordinary Session of the AU Heads of State on 7th July 2019, in Niamey.
The National Action Committee will be comprised of representatives of Ministries & Agencies with competent and relevant jurisdiction, and selected stakeholder groups from private sector and civil society to coordinate the implementation of all the AfCFTA readiness interventions.
The National Action Committee (NAC) will upon inauguration, undertake a process of engagement with stakeholders to sensitize them on the opportunities and challenges of the AfCFTA, with preparedness plans for Nigerian economy.
Upon ratification, Nigeria will domesticate the Agreement by incorporating it into existing laws or enacting new laws, as appropriate. Engagement shall shortly start with the Ninth National Assembly.