Latest News

BREAKING: Buhari returns to Abuja after AU Summit

President Muhammadu Buhari returned to Abuja on Monday after attending the 12th Extraordinary Summit of the African Union in Niamey, Niger Republic.

The News Agency of Nigeria (NAN) reports that the presidential aircraft, conveying the president and some members of his entourage landed at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja at about 1:25 p.m.

While in Niamey, Buhari signed the African Continental Free Trade Area (AfCFTA) agreement, making Nigeria the 53rd state in the continent to append its signature to the document.

The signing of the agreement was the first event at the opening of the summit on the launching of the operational phase of the AfCFTA.

The president had delayed signing the agreement, which entered into force on May 30, 2019.

ALSO READ: Oyo governorship: Tribunal disallows INEC’s witness from testifying

The delay was to give room for extensive consultations with stakeholders, culminating in the submission of the report by the presidential committee, to assess the impact and readiness of Nigeria to join the free trade area.

The AfCFTA is expected to be the world’s largest free trade area since the formation of the World Trade Organisation, with a potential market of 1.2 billion people.

Buhari at the summit met with Dr Mansur Muhtar, Vice- President of the Islamic Development Bank and solicited the support of the bank to address Nigeria’s infrastructure deficit.

According to the president, with the growing population and infrastructure deficit, no amount of money is too much to commit to the revamping of Nigeria’s development challenges.

‘‘We need all the support we can get on infrastructure because the oil will not last forever,’’ said Buhari.

The Nigerian leader also met with the Head of Libya’s Government of National Accord, Fayez Al-Sarraj, and pledged Nigeria’s continued support for Libya’s quest to regain political and security stability.

Ifedayo Ogunyemi

Ifedayo O. Ogunyemi‎ Senior Reporter, Nigerian Tribune ogunyemiifedayo@gmail.com

Recent Posts

Simplifying claims payment by insurers in Nigeria

In a frantic pace to expedite action on claims settlement, the Nigerian insurance industry is…

18 minutes ago

CBN: Tackling FX speculations, narrowing exchange rate disparities

  The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide…

1 hour ago

As an Entrepreneur: The Vision of Value

  Entrepreneurship is essentially about problem solving through creative thinking. Creativity is thinking outside of…

2 hours ago

CEO Test

  The CEO is the highest ranking officer of an organisation. There was a time…

2 hours ago

AfDB unveils new $2.95bn five year strategy for Nigeria

THE African Development Bank (AfDB) has launched a new five-year Country Strategy Paper (CSP) for…

2 hours ago

After 18 years of neglect, Oyebanji completes Ado-Ifaki highway

      Many residents of Ekiti State are now gushing with indescribable joy over…

2 hours ago

Welcome

Install

This website uses cookies.