By Emmanuella Anokam
The Nigerian Investment Promotion Commission (NIPC) is committed to working with relevant government ministries, departments and agencies (MDAs) of the two countries to establish the Nigeria-Chad Joint Business Council.
This is contained in a statement released and signed Monday by NIPC press and protocol officer Daniel Awurum.
The Council is expected to serve as a platform for developing stronger trade ties and improving bilateral trade and investment flows between the two countries.
This is the result of a meeting between the NIPC and a trade delegation from the Republic of Chad, led by the Nigerian Ambassador to Chad, Mr. Sadique Abubakar and the Chadian Ambassador to Nigeria, Mr. Abakar Chiami in Abuja.
Mr. Emeka Offor, Executive Secretary of NIPC, said: “This will encourage, promote and coordinate investments in the country.
Chiami, in a remark, said the two countries recognize the potential value of informal business activities across their borders, hence the need to formalize business activities between the two countries.
Chiami, while advocating for the creation of the Joint Business Council, further suggested that the NIPC translate its Book of States into French.
This, he said, would allow Chadian businessmen to understand and appreciate Nigeria’s investment environment.
For his part, the Nigerian Ambassador to Chad said he was particularly interested in increasing trade and investment between the two countries, since taking office in January 2021.
Abubakar, who was Nigeria’s former Air Chief of Staff, said it was important to note that the trade and investment relationship between Nigeria and Chad, which was mostly informal, was prior to the political independence of the two countries.
“I think we can also expect that we can promote trade through freight flights between the two countries,” he said.
The creation of the Joint Business Council is expected to foster bilateral relations between key stakeholders in the public and private sectors in the two countries.
It will lead to the realization of tangible investments that will stimulate economic growth and development.
Short Link: https://wp.me/pcj2iU-3DqX
- Inauguration of youth dialogue would strengthen S/Africa-Nigeria leadership – Envoy
- Finland opens embassies in Dakar and Doha
- Lawmaker says intense sensitisation required to increase vaccination rate in W/Africa
- Eastern African Standby Force (EASF) Director pays courtesy call on Principal Secretary for Foreign Affairs
- All proceedings concerning Mali and Guinea suspended: an obstruction of justice for victims of human rights violations
- Uganda ready to implement new secondary curriculum
- Tigray conflict: UN experts call for urgent action to stop violence against women
- N4.4trn debt: Some prominent Nigerians delaying AMCON’s recovery effort, Senate raises alarm
- IMF Staff Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with Zambia
- Discrimination of people with disability: Envoy calls for policy review
- Man allegedly steals Domino Pizza’s delivery motorcycle
- Absence of Evans’ counsel stalls trial
- ‘Lady of the house’ Maxwell controlled Epstein mansion: ex-employee
- NPA expects 20 ships with petroleum products, others at Lagos ports
- Minister Thoko Didiza welcomes opening of 100% black-owned winery by children of farm labourers