Nigeria, Canada Deepen Partnership On Strategic Economic Sectors

By Miriam Humbe, Abuja

The Federal Government has reaffirmed its commitment to deepening collaboration with  Canada on strategic sector of the economy  that would  facilitate industrial development.

A statement from the Ministry said Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr. Evelyn Ngige said  this when  Canadian Deputy High Commissioner  to Nigeria, Teshome Nkrumah visited her on Wednesday in Abuja.

Dr.  Ngige  said   Nigeria was  committed to bilateral agreement that would enhance economic development and  deepen technical engagements between Nigeria and Canada.

The Permanent Secretary said Canada Trade and Investment Forum  with the theme: “Towards Stronger Economic Prosperity” was held in  Ottawa, Canada  early this year to accelerate economic and commercial relations between  Canada and Nigeria.

She said that: “The forum  provides the platform for business leaders and policy makers from both countries to share ideas , discuss and build trade and investment.

“It  also provides opportunities for  stakeholders in both countries to collaborate on mutual areas of development such as governance, financial inclusion, education and gender empowerment.

The forum aimed to promote trade and investment between the two countries in targeted sectors of the Manufacturing, oil and gas, automobile, Free Zones Authority, renewable energy, banking and  financial services, ICT, aviation, science and technology”.

She promised the Canadian delegation that Nigeria  would soon give  feedback for further negotiation on the Investment Promotion and Protection Agreement (IPPA)  between Nigeria and Canada.

The Director, Trade Department in the Ministry, Mr Suleiman Audu said that the Nigeria-Canada  Trade and Investment Mission provided a platform to engage key government business and Non-Governmental-Organization (NGO).

He said that it allows  stakeholders to discuss the opportunities and challenges faced between Nigeria and Canada  in trade as well as  build Canadian support in the push for a foreign investor protection agreement and other agreements.

The Canadian Deputy High Commissioner  to Nigeria, Teshome Nkrumah said that Nigeria and Canada had a lot of synergies in merchandise trading and minerals asset.

Nkrumah said that Canada was the major food exporter around the world  with very strong potentials on ICT, aerospace, education, oil and gas.

He therefore,  called on both countries to provide the framework for market place.

 


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