Nigeria signs MoU with Arabian Chamber of Commerce to boost trade


Federal Ministry of Industry, Trade and Investment has signed a Memorandum of Understanding (MoU) with Arabian Chamber of Commerce to facilitate  collaboration for the upcoming Expo 2020 Dubai, United Arab Emirates (UAE).

Mr Ibrahim Haruna, Deputy Director/Head, Press and Public Relations Unit, Federal Ministry of Industry, Trade and Investment made this known in a statement in Abuja on Tuesday.

Speaking at the event in Abuja, the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, said the MoU was not limited to the area of trade forum alone.

Adebayo represented by the Director, Legal of the Ministry, Mr Danjuma Alhassan stressed that the MoU would enhance Trade and Investment promotion and strengthen business relationships between Nigeria and Gulf countries.

According to the minister, the MoU will further enhance dissemination of vital market information, host conferences, seminars and business fora.

“To boost business opportunities and funding of the upcoming Expo 2020 Dubai.

” The agreement would formalise a collaborative business relationship between the ministry and Nigerian Arabian Gulf Chamber of Commerce, “he said.

He emphasised that the Nigerian-Arabian Gulf Chamber of Commerce was self-funding and a bilateral trade association dedicated to the development of business relationships.

”Cultural and socio-economic forum between Nigeria and all the Gulf Cooperation Council Countries (GCCC), aimed at the promotion and facilitation of economic relationship between Nigeria and Arabian Gulf Countries

” Especially in the area of trade information and financial and technical support,” he said.

Earlier, the representative of Nigerian Arabian Gulf Chamber of Commerce Mr Theodore Mayaki, commended the ministry for the initiative.
Mayaki promised to abide by the content of the MoU for the benefit of both parties, stressing that the NAGCC.

It would be recalled that the Nigerian Ambassador to the United Arab Emirate (UAE), Amb. Muhammed Rimi and his delegation paid a working visit to the Minister of State, Amb. Yariam Katagum.

The visit was in preparation of Nigerian participation in the upcoming Expo 2020 Dubai, United Arab Emirate.


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