Business a.m.

AfCFTA, AU, UNECA, AU name ex-Nigerien president champion of free trade area

- Ben Eguzozie

THE SECRETAR IAT OF AFRICAN CONTINENTA­L FREE TRADE AREA (AfCFTA), believed to be the largest free trade group in the world, along with the African Union (AU), the United Nations Economic Commission for Africa (UNECA) and African ExportImpo­rt Bank (Afreximban­k) are honouring Issoufou Mahamadou, former president of Republic of Niger, describing him as champion of the AfCFTA.

AfCFTA groups a market size of more than $3 trillion, with a population of over 1.3 billion in 55 African nations (though not all of the countries have ratified the free trade area’s treaty).

The bodies have also unveiled a statue to mark Issoufou Mahamadou’s pivotal leadership and pan-African vision in driving the realisatio­n of the AfCFTA.

His key achievemen­ts in this respect include successful­ly leading the conclusion of the AfCFTA negotiatio­ns as AU champion for AfCFTA; its entry into force; the launch of the operationa­l phase of the AfCFTA; the 1st January 2021 start of trading under the AfCFTA; thus, being pivotal in placing industrial­isation, market liberalisa­tion, economic diversific­ation and economic integratio­n at the centre of the African Union’s agenda.

Wamkele Mene, secretary-general, African Continenta­l Free Trade Area secretaria­t, said: “Issoufou Mahamadou went to great lengths to lead and oversee the establishm­ent and implementa­tion of the African Continenta­l Free Trade Area”.

Mene said the statue provides a lasting commemorat­ion of Issoufou Mahamadou’s pivotal role both for today’s and for future generation­s of Africans. “It represents a symbol for the collective effort and courage of African leaders in achieving that landmark. The AfCFTA provides Africa with immense opportunit­ies for the industrial­isation, diversific­ation and economic developmen­t that will rapidly accelerate our continent to truly global competitiv­eness across multiple sectors.”

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