President Muhammadu Buhari has approved the establishment of a National Action Committee (NAC) for the implementation of African Continental Free Trade Area (AfCFTA) Agreement.
President Buhari recently signed the AFCFTA agreement on behalf of Nigeria at the 12th Extraordinary Session of the African Union Heads of State on 7th July 2019, in Niamey, Republic of Niger.
A statement by his Senior Special Adviser on Media and Publicity, Garba Shehu, said the “National Action Committee will be comprised of representatives of Ministries and Agencies with competent and relevant jurisdiction, and selected stakeholder groups from the private sector as well as the civil society to coordinate the implementation of all the AfCFTA readiness interventions.
He said the committee will upon inauguration, undertake a process of engagement with stakeholders to sensitize them on the opportunities and challenges of the AfCFTA, with preparedness plans for Nigerian economy.
The AfCFTA Agreement, which creates a single market for goods and services and movement of persons to increase intra-African trade and deepen African economic integration, has Phase I and Phase II negotiations.