, Niamey early this month, the chairperson of the African Union Commission, Mousa Faki Mahamat described it as a “historic moment” and added that “the speedy entry into force of AfCFTA has been a major pride to all of us”.
The most historically momentous was actually the ambitious Lagos Plan of Action and the Final Act of Lagos of April 1980, a significant and audacious continental effort to chart a formidable road-map for building huge regional economies of scale with full compliments of strategic and key economic convergences to drive functional integration and regional market through massive outlays of infrastructural and industrial networks.
“The harmonization of national policies in order to promote community activities, particularly in the field of Agriculture, Industry, transport and communication, energy, natural resources, education, culture, science and technology”;“The establishment of and maintenance of a common external tariff”;The above objectives among others were elaborately stated in the treaty of the African Economic Community and were not different from the objectives of the continental free trade area that has just...
But the momentum that would make AfCFTA succeed must be generated from within and top most among them, is policy alignment or coordination of participating countries to enhance institutional connectivity. This means significant trade-off of institutional and policy sovereignty.
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