President Muhammadu Buhari (image courtesy State House)

President Muhammadu Buhari on Sunday signed the African Continental Free Trade Area Agreement (AfCFTA) at the 12th Extraordinary Session of the Assembly of African Union (AU) Heads of State and Government.

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Concise News gathered that Nigeria has become the 53rd county in Africa to sign the AfCFTA agreement.

Buhari accepted to sign the agreement after a presidential panel he set up to look into the AfCFTA advised that Nigeria would benefit economically from the envisaged trade relations with other African countries.

However, the panel noted that some negative impacts included massive smuggling that could turn Nigeria into a dumping ground for goods produced outside of Africa.