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70 companies show interest in Nigeria

10 April 2013, 08:33

Abuja - No fewer than 70 companies have indicated interest to participate in the forthcoming Nigeria Investment Forum, scheduled for Canada in May, the Minister of Trade and Investment, Olusegun Aganga, said.

Aganga made the fact known in Abuja on Tuesday while fielding questions from State House correspondents.

He said that with the investment forum, Nigeria was on the verge of boosting its already strong economic relationship with Canada

The minister said Nigeria and Canada would discuss and strengthen ties in the mining, agriculture, health, education and entertainment sectors as well as other crucial areas during the forum.

"There are three things happening between Nigeria and Canada.

"One is the Bi-national Commission between the two countries which are going to hold and which is going to be chaired at the Vice-President's level with the ministers who will look at it and implement it.

"The second big thing happening between Nigeria and Canada is the investment forum which is going to take place between 2nd and 4th of May, 2013.

"The preparations and the business relationship between the two countries are going on extremely well; we have had a lot of interests from the Canadian Government and private sector.

"We have also had about 60 to 70 Nigerian companies that have shown interest in the forum," Aganga said.

The minister said that a number of state governments, Nollywood stars as well as local and international investors would be participating in the forum.

"In the area of aviation, we already have a strong relationship with Canada and the minister of Aviation will be there to follow up.

"We will be looking at agriculture and related areas, including petrol chemicals," he added.

Aganga said that the Federal Government was also taking measures to reduce the export of raw materials while focusing efforts on the export of finished goods in order to put the country in a favourable position in the value chain.



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