Buhari leaves Paris for IATF in South Africa

President Buhari Goes Into Isolation

President Muhammadu Buhari left Paris, the capital of France, yesterday to join other African leaders in South Africa.

President Muhammadu Buhari went to Paris, the French capital, yesterday to join other African leaders in South Africa for the opening ceremony of the second Intra-African Trade Fair (IATF) 2021, which is presumed to attract $ 40 billion in investment to the continent.

According to a statement from his Special Adviser on Media and Advertising, President Femi Adesina will attend the event at the special invitation of the President of South Africa, Cyril Ramaphosa.

Adesina said global companies, including non-African international brands, are expected to take advantage of the fair’s opportunities and thereby attract $ 40 billion in trade and investment deals for the continent.

The event, held from Monday, November 15 to November 21, is being convened by the African Export-Import Bank (AFREXIM) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat.
The theme of the Fair, ‘Building Bridges for a Successful AfCFTA’, aims at boosting trade and investment across the African continent.

Adesina said it also promises to create the enabling environment for businesses to thrive across the African continent; bring to fruition the lofty ideas behind the creation of the AfCFTA by providing the platform to further identify and proffer solutions to challenges militating against intra-African trade and; generate market information needed to connect buyers and sellers throughout the continent.

He explained that various Nigerian investors are already in Durban to take advantage of the event.
Adesina further disclosed that the president will be accompanied on the trip by the Minister of Foreign Affairs, Mr. Geoffrey Onyeama; Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, among others.

“President Buhari is expected back in Nigeria on Tuesday, November 16,” the statement added.