Nigeria is leading on pan-African free trade, bank chief says


Stefan Heunis | AFP | Getty Images

The Egina floating production storage and offloading vessel, the largest of its kind in Nigeria, is berthed in Lagos harbor on February 23, 2017.

“When you are the largest economy on the continent, and it’s a tiny, small country like Rwanda who is leading the conversation on the CFTA, there’s a very simple question that you ask yourself: ‘Where is your leadership?'” Kie said.

By initially turning down the deal, Nigeria has the “leverage” to “get some of the conditions that they think are critical for the economy to now be put on the table,” Kie explained. “They (won’t) just absorb the impact of the decision that was taken, but they’re also part of the solutions…

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