Former presidential aspirant, Prof. Kingsley Moghalu, has predicted that the African Continental Free Trade Area, (AfCFTA), would lift 30 million Africans, including Nigerians, out of poverty by 2035.
Moghalu who is the Chairman of the Board of Directors and Advisory Board at the Africa Private Sector Summit, disclosed this while speaking at the AfCFTA Joint Private Sector Session during the 2023 Afreximbank Intra-African Trade Fair in Cairo, Egypt, on Tuesday.
The ex-Deputy Governor of the Central Bank of Nigeria (CBN), noted that when fully implemented, AfCFTA would boost intra-African trade by 52%, lift 30 million people out of poverty, and increase the continent’s GDP by USD 450 billion by 2035.
