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| President Muhammadu Buhari |
The Federal Government says it is not in a hurry to sign the African Free Trade Agreement because of its implication on the nation’s economy.
The Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, disclosed this on Wednesday in Ibadan at the 60th anniversary lecture of the Department of Economics, University of Ibadan.
“Nigeria’s reluctance in signing the African Free Trade Agreement is based on the commitment to ensure that only what will benefit its economic interest is implemented as a policy,’’ Dipeolu said.
He further explained that Nigeria would not rush into signing something that may eventually make it a dumping ground.
Dipeolu who is the chairman of the occasion, however, said there was the need for Nigeria to diversify into export and increase its revenue base.
“We have to look at the current theory to influence our trade policy while our policy on transhipment must be addressed, ” he said.
He, therefore, challenged educational institutions to take the lead in championing economic analysis on policy issues.(NAN)
The Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, disclosed this on Wednesday in Ibadan at the 60th anniversary lecture of the Department of Economics, University of Ibadan.
“Nigeria’s reluctance in signing the African Free Trade Agreement is based on the commitment to ensure that only what will benefit its economic interest is implemented as a policy,’’ Dipeolu said.
He further explained that Nigeria would not rush into signing something that may eventually make it a dumping ground.
Dipeolu who is the chairman of the occasion, however, said there was the need for Nigeria to diversify into export and increase its revenue base.
“We have to look at the current theory to influence our trade policy while our policy on transhipment must be addressed, ” he said.
He, therefore, challenged educational institutions to take the lead in championing economic analysis on policy issues.(NAN)
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