We need an African Continent where our 55 countries could trade with one another, spend African money on African soil, and attract more Foreign Direct Investments to Africa.
Imagine Nigeria being the largest economy in the continent, holds only her 10% annual trading activity with other African Countries. The fraction is small when compared to 69% and 59% intra-continental trading activities in Europe and Asia respectively.
The need to revisit and implement the African Continental Free Trade Area (AFCFTA) is more than urgent, the objective of this AFCFTA is to create a single continental market for goods and services, with free movement of business-people and investment within the continent. It is delightful to see countries such as Egypt, South Africa, Gambia, Rwanda and others supporting this mission.
Nigeria remains the elephant in the room, even though the threshold for pushing AfCFTA forward is now a reality, Nigeria low level of commitment is still a major concern to the strength and credibility of the African Continental Free Trade Area (AFCFTA) project. A country that legally closed Land Borders (restricted the flow of goods) from her neighbours.
How I wish Nigeria’s bright economy could be ignited by championing AFCFTA and creating an ecosystem where African youths could share opportunities and business ideas without looking for escape routes at the edge of the Meditarian sea.
ABOUT THE AUTHOR
Bolaji Afolabi is a resourceful E-business Expert, Real Estate Consultant, and Global Opportunist with project experiences across sub-Saharan Africa Read more…