ID :
78082
Wed, 09/02/2009 - 17:55
Auther :
Shortlink :
https://www.oananews.org//node/78082
The shortlink copeid
Nigeria to discuss trade ties with India
Abuja, Sep 2 (PTI) Seeking to strengthen bilateral trade
relations, Nigeria is keen to welcome foreign investments from
India, enhance cooperation in field of information technology
and export of non-oil and gas products, a senior Nigerian
official has said.
"As part of new reforms in our country, foreign
investors willing to invest in the country are at liberty to
repatriate their dividend and capital whenever they wish and
the minister would have to get this message across to the
Indian business community," Emeka Omeihe Special Assistant on
Media to Nigerian Commerce Minister has said.
Commenting on Nigerian Minister of Commerce and Industry,
Achike Udenwa's visit to India, Omeihe told PTI, "He (Udenwa)
will use the opportunity to meet with Indian Commerce
Minister, Anand Sharma and members of the organised private
sector."
"He will also meet with selected industrialists and
discuss how to attract foreign direct participation in
Nigerian economy," Omeihe said adding that there is need to
assure them that Nigeria has a conducive environment for
investment.
Udenwa will discuss the need for increased production and
export of non-oil and gas products that will lead to wealth
and job creation, poverty reduction and ensure enhanced
service delivery to stimulate the growth of Nigeria's economy.
On IT co-operation, Omeihe said, India with its advanced
technology in this field can help Nigeria.
The minister would encourage Indian companies to invest
and expand Nigeria's mining and development of coal, gold,
iron ore, chrome ore, lead and other mineral resources, Omeihe
said adding that foreign entrepreneurs can have full ownership
of any business in Nigeria.
"As part of new reforms in our country, foreign investors
willing to invest in the country are at liberty to repatriate
their dividend and capital whenever they wish and the minister
would have to get this message across to the Indian business
community," Omeihe said.
Trade between Nigeria and India stood at USD 8 billion in
2007, thereby making Nigeria the biggest trading partner of
India in Africa.
In 2008, the figure surged to USD 10 billion. The second
quarter of this year forecasts a better prospect with figure
standing at USD 1.2 billion.
Udenwa, joins fellow trade ministers from other parts of
the world on a renewed move to kick start the crucial round of
WTO talks in New Delhi this week. PTI CORR
relations, Nigeria is keen to welcome foreign investments from
India, enhance cooperation in field of information technology
and export of non-oil and gas products, a senior Nigerian
official has said.
"As part of new reforms in our country, foreign
investors willing to invest in the country are at liberty to
repatriate their dividend and capital whenever they wish and
the minister would have to get this message across to the
Indian business community," Emeka Omeihe Special Assistant on
Media to Nigerian Commerce Minister has said.
Commenting on Nigerian Minister of Commerce and Industry,
Achike Udenwa's visit to India, Omeihe told PTI, "He (Udenwa)
will use the opportunity to meet with Indian Commerce
Minister, Anand Sharma and members of the organised private
sector."
"He will also meet with selected industrialists and
discuss how to attract foreign direct participation in
Nigerian economy," Omeihe said adding that there is need to
assure them that Nigeria has a conducive environment for
investment.
Udenwa will discuss the need for increased production and
export of non-oil and gas products that will lead to wealth
and job creation, poverty reduction and ensure enhanced
service delivery to stimulate the growth of Nigeria's economy.
On IT co-operation, Omeihe said, India with its advanced
technology in this field can help Nigeria.
The minister would encourage Indian companies to invest
and expand Nigeria's mining and development of coal, gold,
iron ore, chrome ore, lead and other mineral resources, Omeihe
said adding that foreign entrepreneurs can have full ownership
of any business in Nigeria.
"As part of new reforms in our country, foreign investors
willing to invest in the country are at liberty to repatriate
their dividend and capital whenever they wish and the minister
would have to get this message across to the Indian business
community," Omeihe said.
Trade between Nigeria and India stood at USD 8 billion in
2007, thereby making Nigeria the biggest trading partner of
India in Africa.
In 2008, the figure surged to USD 10 billion. The second
quarter of this year forecasts a better prospect with figure
standing at USD 1.2 billion.
Udenwa, joins fellow trade ministers from other parts of
the world on a renewed move to kick start the crucial round of
WTO talks in New Delhi this week. PTI CORR
