Former president Olusegun
Obasanjo says President Muhammadu Buhari’s hands are too weak to sign the
African free trade agreement (AfCTA).
He made the statement on Saturday
while speaking at the Babacar Ndiaye lecture series in Bali, Indonesia.
Obasanjo said he hopes that
Nigeria will soon have a president who will sign the agreement.
“Africa cannot overcome fears of
trade wars till it achieves 50 percent intra-Africa trade,” he said at the
ongoing World Bank Group/International Monetary Fund meetings.
“The AfCTA is a good idea and for
Nigeria, hopefully, we will have a president that will be able to sign it
because the one that is there now, his hands are too weak to sign.”
Nigeria was absent in March as
leaders from 44 African countries signed the agreement to form a $2.5 trillion
continental free-trade zone.
The free-trade zone is the
largest in the world since the creation of the World Trade Organisation in
1995.
Explaining its decision not to
sign, the federal government had said a committee was reviewing the treaty and
that it needs more input from stakeholders.
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