AfCFTA: Trade level among African nations abysmally low - Buhari laments

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President Muhammadu Buhari on Friday lamented what he described as a poor trading mechanism in the African continent, saying there was the need for a more

robust physical integration, breaking barriers to geographic and political fragmentations, including strengthening political cooperation.

Buttressing his position, Buhari said “as leaders, we must all be concerned that we are not trading enough amongst ourselves”. Stressing that it is a bitter reality that Intra-regional trade still accounts for a very tiny fraction of total trade in Africa. He said if these factors are well streamlined, the continent will record a much stronger pace of transformation.Buhari also indicated that through shared knowledge, innovation and creativity, the continent will be well positioned and better able to cater to the needs of the African continent’s population of over 1.4 billion people.

The Conference, he said, should also seek and advance innovative solutions to support our common quest to expand intra-Africa trade opportunities for our people.

 

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