Speaking on Thursday at the FT Nigeria Summit, the vice president said the private sector was not satisfied with the specifics of the agreement.
“With the free trade agreement, you know Nigeria is an important market. There are some states waiting to tap into that big Nigerian market.
“Nigeria has one of the most vibrant private sectors and many felt as we went into the process that sufficient consultations hadn’t been done.
“It was the president’s opinion that it would be much wiser to suspend the signing until such a time when all these engagements were done to the satisfaction of the private sector. We work very closely with the private sector and we felt that it would be wrong not to satisfy that particular sector and the complaints that they had.”
At the 2018 African Union summit, 44 African countries had signed the agreement, which is the largest since the creation of the World Trade Organization in 1995.
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