Nigeria has joined South Africa in committing to take a country pavilion at the Intra-African Trade Fair (IATF) that takes place in Egypt this December.
Nigeria has become the second country to announce plans to take a country pavilion at the Intra-African Trade Fair.
Speaking at the third engagement session of the IATF in Abuja on Tuesday, Vice President Yemi Osinbajo said Nigeria would participate effectively in the trade fair and would use it as an opportunity to showcase its trade and investment opportunities.
“We believe that the trade fair will provide an opportunity for Nigeria to engage with other countries and investors who are interested in partnering with Nigeria to support the “zero oil policy” to reposition the Nigerian economy.”
During a visit to Nigeria, South African President Cyril Ramaphosa urged the government to sign the African continental free trade area (AfCFTA) agreement.
Earlier this month South Africa announced that it would sign the agreement after it and Nigeria had held out when more than 40 other countries signed at a gathering in Rwanda, in March. At the time, Ramaphosa symbolically signed the Kigali protocol, citing that there were areas in the agreement that needed clarification in line with the Constitution and the country’s internal processes.
South Africa’s Trade and Industry Minister Rob Davies said the most significant and practical details of the agreement needed to be put into place before it was commercially viable.
President Muhammadu Buhari said his country would soon sign the agreement, once it had concluded consultations with key stakeholders.
Hosted by Egypt, through the Export Development Authority, and organised in collaboration with the African Union and several other partners, the IATF is aimed at deepening trade ties among African countries and at supporting the implementation of the AfCFTA agreement.
The trade fair is expected to bring together more than 1,000 exhibitors and will take place from 11-17 December at the Egypt International Exhibition Centre in Cairo, Egypt.