Breaking: Buhari finally agrees to sign AfCFTA

President Muhammadu Buhari will sign the agreement establishing the African Continental Free Trade Area (AfCFTA) this weekend.

The presidency announced this via Twitter on Wednesday.

According to the tweet, Buhari will sign the agreement at the 12th Extraordinary Summit of the African Union scheduled to hold from July 4 to July 8 in Niamey, Niger Republic.

His resolve to sign the treaty comes after “extensive domestic consultations”.

Recall that the Pres. Cttee on the Impact & Readiness Assessment of the Agreement Establishing the AfCFTA submitted its Report to Pres @MBuhari Thur June 27, 2019.

AfCFTA is a trade agreement between 49 African Union member states with the goal of creating a single market followed by free movement and a single-currency union.

It was signed in Kigali, Rwanda, on 21 March 2018. Ratification by 22 countries is required for the agreement to enter into force and the African Continental Free Trade Area to become effective.

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