Nigeria already has import bans in place for some everyday products and 70% tariffs on others. Now President Buhari has directed the central bank to stop providing funding to food importers.
The newly signed African free trade agreement is hailed as a huge step forward by some, but criticized as a mammoth project with little chance of ever coming true by others.
Trade within Africa has enormous potential. Whether a new free trade zone on the continent will realize that potential is up to the more than 50 nations participating in it, writes DW's Claus Stäcker.
The Agenda 2063 is meant to bring Africa together in a multitude of ways. However, at an AU summit in Niger, the main focus will be on a free trade agreement, with little time for other issues.
Africa's new free trade zone only exists on paper. Ministers from the 23 signatory countries are now discussing its implementation. Africa's biggest economies are not at the table.
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