Buhari: Africa will redouble trade in 10 years

President Muhammadu Buhari Monday said the creation of the biggest free trade area in the world, the African Continental Free Trade Area…

President Muhammadu Buhari Monday said the creation of the biggest free trade area in the world, the African Continental Free Trade Area (AfCFTA), would work, especially with the active collaboration of the public and private sectors. 

He spoke in Durban, South Africa at the opening ceremony of the 2nd Intra-African Trade Fair 2021.

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He canvassed support for the implementation of the free trade initiative, listing several benefits to the continent, including doubling trade in 10 years and reducing over-reliance on imports.

He, however, expressed concern that most of Africa’s existing challenges, whether security, economy, or corruption, could be traced to the inability over the years to domesticate the production of most basic requirements and provide jobs to her teeming and dynamic youth population.