The Nigeria Employers’ Consultative Association said on Wednesday that Nigeria took great risks by signing the controversial African Continental Free Trade Area Agreement.
The Director-General, NECA, Mr Timothy Olawale, said this on Wednesday while fielding questions from the State House correspondents after the leadership of the association had met with President Muhammadu Buhari at the Presidential Villa, Abuja.
This came on the heels of the association’s 62nd Annual General Meeting held in Lagos on Tuesday, where it lamented that some government agencies were frustrating the ease of doing business in Nigeria through what it termed their contradictory regulations.
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President Muhammadu Buhari had signed the AfCFTA agreement in Niamey, Niger Republic, on July 7, 2019, making Nigeria the 53rd country to do so.
Incidentally, NECA was one of the associations the Federal Government consulted before it arrived at the decision that Nigeria should join AfCFTA.
But, the group warned that one major negative implication was that AfCFTA would turn Nigeria into a dumping ground for all manner of goods.
Source: Punch Newspaper
