The Federal Government said it has declared January 2021 a month to campaign on the benefits of the African Continental Free Trade Area Agreement (AfCFTA) in Nigeria.
This indication was given by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, ahead of the January 1, 2021 takeoff date of the AfCFTA , even as it called on corporate Nigeria and industrialists to take advantage of opportunities offered by the continental economic bloc to promote Made-in-Nigeria goods.
A statement by the Minister’s Special Assistant on Media, Ifedayo Sayo, said Nigeria cannot afford to be left out of the world’s largest trading bloc, estimated at $3.4 trillion involving about 55 countries in continental Africa.
The African Continental Free Trade Area Agreement (AfCFTA), the world’s largest free trade area in terms of 55 participating countries, will commence on January 1, 2021.
The commencement date will signal the beginning of the implementation of a single continental market for goods and services, with free movement of business persons and investments across Africa.
The Minister said, “The journey started on July 7, 2019 when Nigeria became the 53rd African country to sign the AfCFTA treaty. Long before then, it had always been the dream of Nigeria and Africa’s founding fathers to unite the continent in one, shared prosperity.
