Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigeria to host D8 trade talks February

23 November 2012, 13:39

Islamabad - Nigeria will host trade talks among the Developing Eight in February as part of efforts to increase business within member states and Africa, Nigeria’s trade and investment minister said.

“I will be hosting the trade and industry ministers from the D8 countries sometime around February next year to come up with a strategy plan on how we can increase trade within the D8,” Olusegun Aganga told reporters.

Aganga, who held talks with his Egyptian counterpart on the margins of the D8 summit in Islamabad, said there were also plans to boost trade within Africa. Nigeria and Egypt are the only two African members of the D8.

“The outcome of our meeting is that we felt it was important that the ministers of trade and industry come together to look at how we can work together to promote trade but first within the D8 countries,” Aganga said.

Aganga said African intra trade is very small at 12 percent, compared to Europe at more than 60 percent and about that or more in Asia.

“We thought there was a need for some of these countries in Africa to come together and come with a strategic plan to first of all create the right environment for trade to thrive within Africa,” Aganga said.

He said Nigeria has also agreed to host a meeting with Egypt, Kenya and South Africa next year to look at how to remove bottlenecks and increase trade.

“This is an opportunity for Africa to come together and increase the intra trade in Africa. It must also be a target to significantly increase the intra trade within D8.”

Aganga said he met his Pakistani counterpart on Thursday and that the two countries agreed to collaborate in sugar manufacturing and textiles.

The D8 groups Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, with an estimated total population of one billion.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...