Former President Olusegun Obasanjo who spoke at the Babacar Ndiaye lecture series in Indonesia yesterday fired shots at Nigeria’s President Muhammadu Buhari over his failure to sign the African free trade agreement (AfCTA).
Obasanjo who described the Nigerian President as weak, said President Buhari’s hand is too weak to sign African free trade agreement. He said:
“Africa cannot overcome fears of trade wars till it achieves 50 percent intra-Africa trade. 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.”he said
This is comin after reports that 49 out of the 55 members of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. The chairperson of the African Union and the President of Rwanda, Paul Kagame made the announcement in Nouakchott during the closing ceremony of the 31st summit of the 55-member African
The AfCFTA will be the largest free trade area since the formation of the World Trade Organisation, according to the AU. It could create an African market of over 1.2 billion people with a GDP of 2.5 trillion U.S. dollars, according to the pan-African bloc.