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Germany, Nigeria to enhance trade ties

15 January 2014, 17:06

Abuja - Nigeria and Germany are set partner to ensure trade facilitation among micro, small and medium-scale enterprises as part of efforts to strengthen the existing economic ties between the two countries.

The announcement followed a meeting including the Minister of Industry, Trade and Investment, Olusegun Aganga, and German Ambassador to Nigeria, Dorothee Janetzke-Wenzkel, and the Country Director of German Cooperation (GIZ), Thomas Kirsch in Abuja.

Aganga said that the Ministry would work with the German Government towards enhancing industrial skills development and improving access to finance for the up-and-coming firms across the country.

This, he added is in line with the agenda for the National Enterprises Development Programme (NEDEP).

“The meeting with the German Ambassador which dwelt on a number of growth issues was a fruitful one. Nigeria has always had a strong economic and trade relationship with Germany. They have been very helpful and played active roles in critical sectors of the Nigerian economy such as the power sector where we have a large number of German companies,” he added.

According to him, the meeting deliberated on trade facilitation in terms of how the two countries can engage partnership by removing the barriers that impede trade to make export of goods from Nigeria to other African countries cheaper and quicker.

“What the German Government has done is to design an Information and Communications Technology system that will help improve the non-trade barriers which cause delay in the movement of goods and also the cost and time of doing business in Nigeria. So, we are collaborating on how we can improve trade facilitation within the region,” the Minister said.

Janetzke-Wenzkel reiterated that Germany was ready to work with Nigeria to ensure the ease of doing business and to boost skills acquisition among locals.

“The basis of the meeting with the Minister of Industry, Trade and Investment was to find out how much Germany is doing in terms of partnering with Nigeria on trade issues. We discussed the Bi-National Commission which Nigeria has with Germany, focusing particularly on energy but also on economic issues as a whole,” she maintained.

– CAJ News


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