- Nigerian Committee Examining Continental Free Trade Deal Issues Final Report - Minister Geoffrey Ony ..
Nigerian Committee Examining Continental Free Trade Deal Issues Final Report - Minister Geoffrey Onyeama
The Nigerian special committee, set up to examine the consequences of the country's joining the African Continental Free Trade Area (CFTA), has just submitted its final report to the authorities, Nigerian Foreign Minister Geoffrey Onyeama told Sputnik on Monday, adding that if the committee's report was favorable, Nigeria would ratify the deal "very soon."
"Yes, our president has set up a committee that has just submitted its report and we have not seen the recommendation, but if it's positive [and that it recommends] we should accede then it is likely that we should do so very soon," Onyeama said.
The Nigerian minister recalled that the agreement required ratification by 23 countries before entering into force, adding that 21 states have ratified it so far.
"We would like to accede [the CFTA] before the act comes into force, and it's almost there," Onyema specified.