cfta champion

Nigeria: Chiedu Osakwe’s passing may hit free trade ambitions

By Eromo Egbejule

Posted on September 24, 2019 10:21

 Ambassador Chiedu Osakwe, talking on the morning of the AfCFTA launch (© Channels TV)
Ambassador Chiedu Osakwe, talking on the morning of the AfCFTA launch (© Channels TV)

The death of Ambassador Chiedu Osakwe on 22 September has left a gulf that threatens to derail Nigeria’s commitment to the AfCFTA.

One of the band of tireless and exceptionally qualified Nigerians who push the country forward beyond the glare of the limelight, Ambassador Osakwe was one of the strongest advocates for the creation of the African Continental Free Trade Agreement (AfCFTA).

  • From June 2017 to March 2018, he was chair of the Negotiating Forum of the African Union (AU), crucial to the drafting of the AfCFTA.
  • With degrees from three continents (Ibadan, Oxford and New York universities), he had a distinguished career as a diplomat and had also worked at the World Trade Organisation (WTO).

Osakwe took a leave of absence from the International University of Geneva (IUG), where he was an adjunct professor on international trade policy, diplomacy and negotiations, to join the Nigerian Office for Trade Negotiations in 2017.

  • In a condolence message released on Monday, President Buhari said his loss “has created a gulf in the Nigerian Office for Trade Negotiations, which he served as pioneer Director-General, bringing invaluable experience, knowledge and skill in setting up and motivating the operations of the agency that was established in 2017.”

AfCFTA in limbo

His death now leaves uncertainty about Nigeria’s ability to sustain its commitment to the AfCFTA.

Osakwe had faced opposition to the trade deal, with some ministers claiming it would damage Nigerian businesses by introducing too much competition.

Largely thanks to his perseverance, Nigeria signed up to the AfCFTA on 7 July 2019 at the AU summit in Niger, a month after the agreement came into force with the required signatures of 24 countries.

‘Nightmare situation’

Earlier this month, Nigeria’s finance minister, Zainab Ahmed, expressed concern over the impact of the free trade zone on Nigerian companies. While admitting the long term potential, Ahmed said: “The AfCFTA could also create a nightmare situation for the country unless the right policies and actions are implemented expeditiously to improve Nigeria’s economic competitiveness.”



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