Nigeria’s ambassador to Egypt, Mallam Nura Rimi, has decried the low level of trade between Nigeria and Egypt, which are two economic powers on the African continent.
Speaking at the maiden edition of the Nigeria-Egypt Trade Conference and Exhibition (NETCE) on Monday in Cairo, Mr. Rimi described the level of economic activities between the two countries as generally unimpressive.
Rimi noted that with the abundance of natural resources and a youthful population that is enterprising and innovative, there is no limit to what can be achieved through robust engagement by the two countries.
He called on Egyptian investors to take advantage of the favourable business environment in Nigeria to invest in Africa’s largest economy
“Any investor looking for a place to invest, build, thrive, innovate and succeed has no better place on earth to go than Nigeria,’’ local media reports on Tuesday quoted Rimi as saying.
“It is heart-warming to note that under a Public Private Partnership arrangement, Nigeria recently opened the First Export Trade House in Egypt.
“It is to serve as a central location for made-in-Nigeria products to be shipped, displayed and distributed to the rest of the world,’’ he said.
The envoy called on participants at the conference to explore more trading opportunities and businesses to enhance economic ties, increase the flow of investments and generate more wealth for the peoples of both countries.
Rimi noted also that Nigeria and Egypt enjoyed warm and cordial relations with strong cooperation in the areas of education, defence and security matters.
“The two countries also collaborate in regional and global affairs in the quest to promote international peace and security,’’ he added.
GIK/APA