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Tanzania holds investment forum in Nigeria to deepen trade relations



Tanzania holds investment forum in Nigeria to deepen trade relations

By Fortune Abang

Dr Benson Bana, Tanzanian High Commissioner to Nigeria, says the country is set to host Tanzania-Nigeria Tourism, Investment and Trade (TN-TIT) forum, to deepen trade between both countries.

Bana, who disclosed this while briefing newsmen on the forum on Friday in Abuja, said that the forum was scheduled to hold on May 4, in Abuja and May 6, in Lagos.

He said that the forum, centered on economic diplomacy, was aimed at promoting Tanzania-Nigeria bilateral relations dated back to the early 1960s.

According to him, it will enhance economic cooperation between the two sister countries in areas of tourism, investment, trade and development financing.

Bana said: “TN-TIT is specifically intended to increase the number of tourists from Nigeria to Tanzania from the annual average of around 6,000 to about 12,000 by December 2022.

“To increase the number of major Nigeria companies with investments in Tanzania from the current five to about eight by December 2022.

“Increase volume of Tanzania products into the Nigerian market from an average of 13,641 tons per year to 15,000 tons by December 2022. Increase number and varieties of Tanzania products available in the Nigeria markets.

“To facilitate Tanzania government’s access to Nigeria-based finance institutions for loans or grants at affordable terms and conditions, at least one trade mission from Nigeria to Tanzania.”

He noted that the forum would be attended by business moguls from across the two countries in sectors such as the chamber of commerce, banking, tourism among others.

The High Commissioner noted that precautionary measures had been put in place in line with COVID-19 protocols to achieve meaningful growth.

He said that the forum would be streamed live through the mission’s platforms via;

Bana urged people wanting to participate to register and for Abuja and Lagos event respectively. (NAN)


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