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AfCFTA: LCCI, MAN differ on Obasanjo’s remark

Published

6 years ago

October 17, 2018

A remark by former President Olusegun Obasanjo that Nigeria needed a president that will sign the African Continental Free Trade Agreement, AfCFTA, has elicited mixed reactions from Lagos Chamber of Commerce and Industry, LCCI, and Manufacturers Association of Nigeria, MAN.

Obasanjo was reported to have said at the just concluded World Bank/IMF Meeting in Indonesia that “Nigeria will hopefully soon have a president that will sign the African Continental Free Trade Agreement, AfCFTA, not a president that is too weak to sign.”

Reacting to the statement, yesterday, LCCI said President Muhammadu Buhari seemed not to be keen on signing the AfCFTA, while MAN asserted that the cautious move on the trade deal by the Federal Government was in the overall interest of Nigeria.

Director-General, LCCI, Mr. Muda Yusuf, stated: “From all indications, President Buhari is not keen about the AfCFTA. It is a pointer to the fact that the value of economic integration is yet to be fully appreciated by this administration.

In his reaction, Director-General, MAN, Mr. Segun Ajayi-Kadir, noted that MAN is an apolitical business organisation that does not take sides or comment on political issues, and so not best placed to comment on the purported statement made by the former president.

Vanguard, October 17, 2018

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