Vice President Yemi Osinbajo has said that Nigeria remains a major trading partner with Canada in Africa.
Osinbajo said this at the Nigeria-Canada Investment Summit 2019 with the theme: Reaching Greater Heights.
The Vice President said that Nigeria was one of the 10 reforming economy in the world, adding that the summit focuses on the six major sectors of the country’s economy.
“The six sectors listed in the summit namely: Education, Healthcare, Mining, Power, Infrastructure and Agriculture, are the crucial sectors and are very important for Nigerian’s economy.
“We encourage all our partners to maximise all the platforms provided and prospects available for businesses to prosper. Our trade and investment sector in Nigeria has remained a major trading partner to Canada in Africa.
“Canada import includes minerals, fuel, cocoa, rubber and many more while it exports vehicles equipment, manufacturing equipment and software.
“We have also increased double taxation agreement in 1999; we expect our foreign investment and promotion to be concluded by both countries as early as possible in 2020.
“However, the next few years promises to be exciting for businesses in Nigeria,’’ Osinbajo said.
He urged all visitors and friends of Nigeria to take time to visit the city of Abuja, test “Our Suya and most importantly, our Nigerian Jollof rice”.
Mr Tarik Khan, the Director-General, West and Central African Global Affairs Canada, said Nigeria remains the largest trade and investment partners to Canada in the Sub-Sahara Africa.
He said his priority was to promote trade and investment in the continent especially in the Sub-Sahara Africa, adding that Nigeria is the largest investors into Canada from the region.
“As far as our investment is concerned in 2018, Canadian direct investment in Nigeria reported 500 million Canadian dollars, Nigerian represent an attractive market in business services as the third largest export market in Africa.
“The potential for growth as the Excellency mentioned is significant, in areas of technology, ICTs, Agriculture, Creative Industries, Aviation, Education and Technical Vocational Training in our communities’ projects.
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