The Senegalese Government has called for improved trade and investment ties with Nigeria to boost intra Africa trade. This is according to Mr Mamadou Lamine, Director, Investment Promotion and Major Projects (APIX), Senegal.
Lamine spoke on the sideline of the ECOWAS Investment Climate Scorecard Round Table that seeks to review the barriers militating against cross-border trade in member countries.
The two-day event tagged: Improved Business and Investment Climate in West Africa is a 7.7 million Euro project funded by the European Union while the World Bank Group provided the technical assistance.
Lamine said there was need for strong inter-connectivity between Nigeria and Senegal to reach new markets and expand the present bilateral trade between both nations for mutual economic gains.
“There is already a strong foundation of trade relations between Nigeria and Senegal and an even stronger rationale to expand upon it.”
“Nigeria is a big market and Senegal is one of the doors through which Nigeria can use to go to North of Africa.”
“We seek to bridge the gap by facilitating dialogue, business dealings and knowledge transfer between both countries,” he said.
He said that both countries could explore opportunities in agriculture, fabrics, financial services, machinery and oil and gas.
“We have just discovered natural gas and would stand to benefit from Nigeria’s knowledge in the processing of natural gas,” Lamine said.
The director also called for the revival of direct flight from Lagos to Dakar to ease movement and commercial activities between both countries.
He stressed that strong economic ties would increase investment inflows, drive growth, reduce poverty and create jobs for citizens of both nations.
NAN
The Federal constituency tour of the State Executive Committee of the Omoluabi Progressives, a caucus…
May 16th, 2024, has been fixed by a Kano High Court to rule on means…
Tinubu/Shettima Mandate Actualization Group has berated the presidency for not its decision to extend the…
A former Ogun governorship aspirant under the Peoples Democratic Party (PDP), Otunba Segun Showunmi, has…
The National Association of Nigerian Students (NANS), has asked the Group Managing Director of the…
The Joint Admissions and Matriculation Board (JAMB), on Monday, released the 2024 Unified Tertiary Matriculation…
This website uses cookies.