Discover and read the best of Twitter Threads about #afcfta

Most recents (7)

#Nigeria taking action on #AfCFTA. Establishing the National Action Committee (NAC) which will comprise of representatives of Ministries, relevant agencies and selected stakeholder groups from the private sector and the civil society /1

newtelegraphng.com/2019/07/buhari…
The purpose is to understand Nigeria's offensive and defensive interest (via stakeholder engagement) and prepare for negotiations on goods and services liberalisation under this FTA /2
“The implementation of the AfCFTA is going to be a long journey. The Gov of Nigeria is committed to ensuring that Africa achieves a free and fair trade environment governed by rules that are predictable, enforceable and in line with the intent and objectives of our continent"/end
Read 3 tweets
President @MBuhari recently signed the #AfCFTA in Niamey, Republic of Niger. This is everything you should know about the deal. #Thread
#Advantages of the African Continental Free Trade Agreement #AfCFTA signed over the weekend by @MBuhari
1. Gross reduction in tariff, helps reduce cost of doing business.
Read 18 tweets
STATE HOUSE PRESS RELEASE

PRESIDENT BUHARI TO SIGN AfCFTA

President @MBuhari has approved the recommendations of the Presidential Committee on the Impact and Readiness Assessment of the African Continental Free Trade Area, #AfCFTA agreement.

#Thread
By this, he will be signing the Phase one of the agreement in the course of his attendance at the Mid-Year Coordination Meeting of the African Union and 12th Extraordinary Summit on AfCFTA in Niamey, Niger Republic in a few days’ time.
A country that signs the first level will then go into country level discussions leading to treaties after safeguards are agreed to.
Read 6 tweets
Nigeria will sign the #AfCFTA Agreement at the upcoming Extraordinary Summit of the African Union in Niamey, Niger.

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.
“For #AfCFTA to succeed, we must develop policies that promote African production, among other benefits. Africa, therefore, needs not only a trade policy but also a continental manufacturing agenda.” — President @MBuhari, June 27, 2019
“Our vision for intra-African trade is for the free movement of ‘made in Africa goods.’ That is, goods and services made locally with dominant African content in terms of raw materials and value addition.” — President @MBuhari, June 27, 2019 #AfCFTA
Read 9 tweets
Today I received the Report on the impact of the African Continental Free Trade Area (AfCFTA) and Nigeria’s readiness for it. I inaugurated the Committee that put the Report together in October 2018.
Trade is important for us as a nation. Economic progress is what makes the world go around. Our position is very simple, we support free trade as long as it is fair and conducted on an equitable basis.
The #AfCFTA will have both positive and negative effects on us as a nation and on our region. As Africa’s largest economy and most populous country, we cannot afford to rush into such agreements without full and proper consultation with all stakeholders.
Read 10 tweets
Here is an idea for the UK/EU post Brexit FTA – I should probably point out that I’m not being entirely serious - let’s do what African countries do: sign an agreement and negotiate it later /1

blogs.lse.ac.uk/businessreview…
Trade agreements and trade blocs in Africa are of then quite unique – they enter into force before they are fully negotiated. African FTAs often have blank chapters & provisions that refer to side agreements to be negotiated at a later point in time /2
The African Continental Free Trade Area (#AfCFTA) singed in 2018 will enter into force when a certain number of members ratifies it. AfCFTA is an important step toward economic integration and liberalisation of trade in goods and services in Africa /3
Read 5 tweets
.@MBuhari says he wants to take #Nigeria to the #NextLevel but while as HoS in 85, he cancelled an Education Reform Policy of Prof Babatunde Fafunwa which could have turned our academic curricular into a modern tool to raise the next generation of IT gurus & other professionals!
Same @MBuhari canceled a light rail project of Gov Lateef Jakande of Lagos in '85! A $400M loan project that would have forever transformed the face of public transportation in Lagos & served as template for other states! Say No to #NextLevel
#LetsGetNigeriaWorkingAgain
Again, @MBuhari as military General, plotted a coup with fellow coupists & disrupted a democratically elected govt of Pres Shagari & VP Ekwueme for no just reason asides contempt for democratic ideals & a penchant for dictatorship! So NO to #NextLevel #LetsGetNigeriaWorkingAgain
Read 10 tweets

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