Nigeria signs Africa free trade agreement

Nigeria has signed an agreement which aims to increase trade between African countries.

Nigerian President Muhammadu Buhari signed up to the $3 trillion Africa free trade agreement, a spokesman confirmed on Sunday.

As the largest economy on the continent, Nigeria’s decision to sign the deal was a boost to the pact. It was one of the last countries to commit to the deal.

In signing the deal at the African Union summit in Niger, Buhari called on the continent’s nations to band together to attract investment, grow local manufacturing and combat smuggling.

The African Continental Free Trade Agreement (AfCFTA) aims to unite 1.3 billion people, creating a $3.4 trillion economic bloc that could usher in a new era of development.

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