The federal government has been advised to urgently reverse its decision to take part in the proposed African Continental Free Trade Agreement (AfCFTA) signed by 27 African Union member states in Kigali, Rwanda.
Nigeria Awake Group (NIWAG), in a statement signed by its national coordinator, Mr. Banjo Aladesanmi,
described the agreement as an instrument of neo-colonialism.
Aladesanmi said: “Our findings have revealed that the AfCFTA is another instrument introduced to by developed nations of the world to African continent in order to continue to dominate our economy conveniently. There is no comparative advantage(s) that we tend to benefit than subjecting our local investors to hardship and perpetual closure of business operation.”
He said the development will cause serious setback for the country’s industrialists because Nigerian markets would have been flooded with goods both legal and illegal items produced sponsored by developed nations and channeled through any Africa member states for sale.