Former president Olusegun Obasanjo has described the action of African leaders absent at the signing of the African Union Continental Free Trade Area (AUCFTA), as criminal.
President Muhammadu Buhari, who cancelled his trip to Rwanda, was absent at the signing of the agreement.
According to him, the agreement had the capacity to hinder local entrepreneurship and encourage the dumping of finished goods in Nigeria.
Obasanjo speaking in a video posted by NBS Rwanda at African trade agreement, criticised African presidents who refused to sign the trade agreement.
He described their reason not to assent to the trade agreement as ‘mere flimsy excuse and criminal.’
“The signing and implementation of the African Continental Free Trade Area (AFCFTA) will enable a shift from dependence on assistance to increased trade.
“The establishment of the Free Trade Area will result in the establishment of a market of over one billion two hundred million people, with a combined gross product of over three trillion dollars.”
“That is where our salvation lies, trading amongst ourselves and consequently developing our economies. The agreement will inspire a change a perception of the continent by the rest of the world,” he said.
VIDEO: “It is criminal for any African leader to talk of not understanding what we are going to sign(Free Trade Agreement in Africa) and afford not to be here” – Olusegun Obasanjo (Former President of Nigeria) #NBSUpdates #NBSLiveAt9 pic.twitter.com/opGGIOC1ys
— NBS Television (@nbstv) March 21, 2018