Nigeria pulls out of African free trade summit

Nigeria President Buhari
Nigerian President Muhammadu Buhari.

Nigeria President Muhammadu Buhari will not attend the African Union summit in Rwanda this week, an official statement said on Sunday.

“Mr President will no longer be travelling to Kigali for the event because certain key stakeholders in Nigeria indicated that they had not been consulted, for which reasons they had some concerns on the provisions of the treaty,” the statement said.

The African Continental Free Trade Area Treaty would remove trade barriers and eventually allow free movement, creating a common market across the continent – much like the European Union.

Buhari was scheduled to leave Abuja on Monday ahead of Wednesday’s launch but pulled out to allow for more consultations.

Nigerian labour unions have complained that it was bad for the economy and would lead to job losses.

“We at the Nigeria Labour Congress are shocked by the sheer impunity or blatant lack of consultation in the process that has led to this,” said NLC President Ayuba Wabba.

“We have no doubt this policy initiative will spell the death knell of the Nigerian economy.” he added.

 

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