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Nigeria: Government Says It Will Sign African Free Trade Agreement

1 MIN READJul 3, 2019 | 17:33 GMT

What Happened: The Nigerian government is planning to sign the African Continental Free Trade Agreement (AFCFTA) at the next African Union summit in Niger, according to a July 3 social media announcement.

Why It Matters: The announcement comes after Nigeria's government weighed the risks of missing out on the continental trade deal against concerns that cheap foreign goods would "flood" the country's domestic market.

Background: Africa remains the continent with the least amount of intra-continental trade and African leaders have pursued efforts to boost regional trade integration.

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