By Constance Imasuen
The Association of the Power Generation Companies (APGC) has congratulated President Muhammadu Buhari on the signing of the African Continental Free Trade Area (AfCFTA) Agreement.
The agreement was signed in Niamey, Niger Republic on Sunday.
Mrs Joy Ogaji, Executive Secretary, APGC in a statement issued in Abuja on Wednesday, said that the amount of due diligence conducted with respect to this agreement, and the corresponding cohesion with several stakeholders was laudable.
She said that the AfCFTA agreement was earmarked to bring about 60 per cent increase in intra- Africa trade, as against 16 per cent of trade currently being conducted among African nations.
“The benefits of the agreements are tremendous to Nigerians and Nigeria.
“Under the agreement, there will be no quota system, ensuring that trade is conducted according to trading capacity.
”Exports will be cheaper, which will lead to more competitive pricing….
Source: News Agency of Nigeria
