Tuesday, 29 January 2013

Canada To Increase Investment In Nigeria

 The Canadian government is seeking to increase its trade investment in Nigeria’s fast growing market.

Canada’s minister of international trade, Ed Fast made the commitment when he led a trade mission of twenty eight Canadian companies to the Nigeria-Canada bi-national commission meeting held on Tuesday in Abuja.

Ed Fast who will serve as co-chair added that the commission, which will rapidly grow both countries investment relationship, will among other things help negotiate a foreign investment protection agreement that will serve as guide for investors and set up dispute resolution rules.

Nigeria’s trade and investment minister Olusegun Aganga emphasized the importance to explore the strength inherent in the strong and increasing trade and investment relations in both economies to create employment, generate wealth and enhance economic growth for Nigerians.

The world trade organization, World Bank, the IMF and others shows that Nigeria’s economy which has been growing at seven and half percent in the last twelve years is projected to keep rising steadily.

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