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Nigeria Remains Canada’s Major Trading Partner — Osinbajo

Vice President Yemi Osinbajo on Monday in Abuja said that Nigeria remains Canada’s major trading partner in Africa.

Osinbajo said this at the Nigeria-Canada Investment Summit 2019 with the theme: Reaching Greater Heights.

The Vice President said that Nigeria was one of the 10 reforming economies in the world, adding that the summit focuses on the six major sectors of the country’s economy.

“The six sectors listed in the summit namely: Education, Healthcare, Mining, Power, Infrastructure and Agriculture, are the crucial sectors and are very important to Nigerian’s economy.

“We encourage all our partners to maximise all the platforms provided and prospects available for businesses to prosper. Our trade and investment sector in Nigeria has remained a major trading partner of Canada in Africa.

“Canada import includes minerals, fuel, cocoa, rubber and many more while it exports vehicles equipment, manufacturing equipment and software.

“We have also increased double taxation agreement in 1999; we expect our foreign investment and promotion to be concluded by both countries as early as possible in 2020.

“However, the next few years promise to be exciting for businesses in Nigeria,’’ Osinbajo said.

He urged all visitors and friends of Nigeria to take time to visit the city of Abuja, test “Our Suya and most importantly, our Nigerian Jollof rice.”

Mr Tarik Khan, the Director-General, West and Central African Global Affairs Canada, said Nigeria remains the largest trade and investment partner of Canada in the Sub-Sahara Africa.

He said “As far as our investment is concerned in 2018, Canadian direct investment in Nigeria reaches 500 million Canadian dollars. Nigeria represents an attractive market in business services as the third-largest export market in Africa.

“The potential for growth as the Excellency mentioned is significant, in areas of technology, ICTs, Agriculture, Creative Industries, Aviation, Education and Technical Vocational Training in our communities’ projects.

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Copyright 2019 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant source.

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