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Nigeria, Chad to set up joint business council

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Nigeria, Chad to set up joint business council

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.

Source: NAN

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