Foreign news
Vietnam committed to collaborate with Nigeria on business, investment opportunities – Envoy
Vietnamese Ambassador to Nigeria ,Mr Bui Quoc Hung has revealed that, Vietnamese government is committed to collaborating with Nigeria to explore business and investment opportunities for cooperation and development.
Hung said this at a business forum jointly organised by the Embassy and Nigeria- Vietnam Economic, Trade and Cultural Association ( NVETCA) in Abuja on Wednesday.
The News Agency of Nigeria (NAN) reports that the business forum is the maiden edition of the roundtable between Nigeria and Vietnam onexploring business opportunities for cooperation and development .
The envoy said that the business meeting was also to explore business opportunities for cooperation and development amongst others.
According to the envoy, the two countries share the same ideas in terms of economic relations, agriculture, food processing and information technology.
“This meeting is not just about business, it is also about building partnerships that can enhance the economic landscapes of both Vietnam and Nigeria.
“I encourage all to engage openly and explore innovative ideas that can lead to successful collaborations.
“Together, we can create opportunities that will benefit both our communities and strengthen our economies, ” he said.
Speaking, Amb. Sani Bako, Chairman of NVETCA said that the main focus for the meeting was to deliberate on agriculture, food processing, import and export amongst others.
According to him, no country has developed without paying due attention to agriculture.
Bako said the Vietnamese experience in exporting goods to China and US could help Nigeria expand its global reach.
He added that both countries needed to harness their potentials with the view to devise more meaningful and deeper ways to forging mutual and beneficial ways of cooperation.
“Since Nigeria established diplomatic relations with Vietnam in 1976, trade has only centered around a few commodities and few sectors in spite of the huge potentials available for trade and economic growth between both countries.
“We want Vietnamese to come and help us develop and grow these business and investment opportunities because there are areas for development that they can compete favourably in Nigeria.
“We also want them to have an Eco telecommunication in the country which will help in job creation,” he said.
Also in his remarks, Gov. Abba Yusuf of Kano state, expressed his administration’s willing to partner with the Vietnamese government to foster trade and commerce.
Yusuf, who was represented by Mr Naziru Halliru, the Director-General, Kano State Investment Agency, said that the state has the population and business acumen to match Vietnamese business cooperation.
( NAN)
Foreign news
Pakistan Moves to Deepen Diplomatic, Economic Relations With Nigeria
The Government of the Islamic Republic of Pakistan has called for deeper diplomatic and economic ties with the Nigerian government to foster development for both countries.
Mr Rana Ihsaan, the Coordinator to the Prime Minister of Pakistan made the call in an interview with the News Agency of Nigeria (NAN) during his working vist to Nigeria on Wednesday in Abuja.
NAN reports that the visiting Coordinator held a closed-door meeting with Yusuf Tuggar, the Minister of Foreign Affairs.
After the meeting, he said that both both sides had agreed on deepening relations in the areas of trade and commerce, among others.
Ihsaan said that both countries must see the need to accelerate efforts towards a Bilateral Trade Agreement (BTA).
He said that Pakistan had already submitted a draft BTA and was awaiting Nigeria’s response.
According to him, discussions centered on easing visa processes, expanding educational exchanges, and strengthening Cooperation in sectors such as Minerals, Youth training, and Defence were highlighted.
Ihsaan said that Pakistan had already implemented visa-on-arrival for Nigerians at no cost, and urged Nigeria to reciprocate to enhance people-to-people ties.
He stressed the importance of high-level engagements between both nations, describing Nigeria and Pakistan as very similar countries with large populations, youthful demographics, and vast economic potentials.
“Deeper collaboration will unlock opportunities in trade, education and investment, while further solidifying long-standing diplomatic relations,” he said.
He said that aside from visiting the foriegn Minister and other top government officials in Nigeria, he was also in the country to attend the on-going West Africa Beauty Exhibition holding in Lagos.
He described the exhibition as one of the continent’s largest cosmetic fairs, adding that he led a delegation of 19 Pakistani business people exploring Nigeria’s estimated 10 million dollar beauty and cosmetics market.
Ihsaan said that Nigeria was a gateway to Africa, adding that Pakistani products, like cosmetics, Textiles, Pharmaceuticals, Food items and Sports goods were already gaining traction in the country.
He encouraged Pakistani exhibitors to establish offices, Warehouses and logistics partnerships to strengthen their foothold in the Nigerian market.
Ihsaan further addressed concerns from Nigerian businesses on the ease of doing business in Pakistan.
He said that the Trade Development Authority of Pakistan had been supporting Nigerian participants at major exhibitions to achieve the ease of doing business.
“The Special Investment Facilitation Council (SIFC) serves as a one-stop platform for Nigerians interested in investing in Pakistan,” he said
Culled from NAN
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