Nigeria’s Buhari Says Made-in-Africa Key to Success of Free-Trade Deal
- Africa’s most-populous nation won’t rush into signing deal
- Buhari calls for policies that promote increased manufacturing
Muhammadu Buhari
Photographer: Olivier Douliery/Pool via Bloomberg
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The success of a continental free-trade deal hinges on Africa developing its manufacturing base, Nigerian President Muhammadu Buhari said.
Africa’s largest economy won’t rush into joining the Africa Continental Free Trade Area until it finishes extensive consultations with all stakeholders, Buhari said Thursday in Abuja, the capital. The AfCFTA agreement will only succeed if the continent develops policies that promote production, he said while receiving the report of a committee set up to consider whether the country should join the trade pact.