(MAN) has urged the Federal Government to ignore pressure from certain
quarters in the industry to urgently sign-on to the African Continental
Free Trade Agreement (AfCFTA).
conference on Wednesday in Lagos, tagged: “Matters arising on the
with the goal of creating a single market to ensure free movement and a
single currency union.
documents are concluded and ratified by members, the free trade among AU
member states will formally exist.
agreement until a credible outcome from an ongoing study initiated by
the government on the matter was received.
of intra-African trade if the rules of origin, countervailing measures,
dispute settlement, amongst other, were addressed.
proposition was to ensure that the negotiating team was guided by a
credible and strategic study.
intimate you (Federal Government) that an insignificant number of
non-real sector operators in the private sector are tactfully
recommending that Mr President signs the agreement.
constraining our extant economic policies, including the Nigeria
Industrial Revolution Plan (NIRP) and the Economic Recovery and Growth
Plan (ERGP),” he said.
the agreement, which had been raised since March, had till this moment
not been addressed.
structure, government revenue, the welfare of over 180 million Nigerians
and its impact on the industrialisation and economic development
aspirations of Nigeria.
should not sign the AfCFTA agreement until the outcome of a credible
study so indicates.
participation in the negotiation processes only to ensure that the
country is abreast of developments.
our assent, should we eventually decide that the agreement is definitely
not in our favour.
can continue with our much needed and sovereign path to determine
whether we should sign-on or not,” he said.
He lauded the clear demonstration of the commitment of Buhari and his
government to the growth of the manufacturing sector; its preservation
and the improvement of the wellbeing of the citizenry and the economy.