Business
Airline Operators Task FG On Free Trade Area Treaty
Airline Operators of have told the Federal Government to reconsider its decision on the planned signing of the African Continental Free Trade Area (AfCFTA) treaty.
The Chairman of the AON, Capt. Nogie Meggisson, made the call in a statement issued in Lagos.
The Tide source reports that the AfCFTA treaty is scheduled for signing by African heads of state at a meeting billed for Kigali, Rwanda from March 21 to March 22.
It is a flagship project of the African Union Agenda, 2063 and it is aimed at creating a single continental market for goods and services with free movement of business persons and investments.
Meggisson said the AON’s opposition to the move was predicated on the signing of the Single African Air Transport Market (SAATM) by African heads of state in Addis Ababa, Ethiopia on January 28.
He said the signing of the SAATM was a hasty decision in the light of several unresolved concerns that have the potential of impacting the Nigerian economy negatively.
According to him, the Federal Government cannot afford to repeat the same mistake by rushing into the signing of AfCFTA, which will give unfettered access into the Nigerian market.
“It is likely to erode the good work government has so far put in place to diversify the economy and reverse the gains of the present administration in reviving the economy out of recession,” Meggisson added.
He said the government must therefore, slow down on the implementation of SAATM and also halt its signing of AfCFTA until when pending issues were resolved to make them favourable to Nigeria and Nigerians.
Meggisson said the issues