14 November 2017

Nigeria: LCCI, Jetro Seal Pact On Trade, Investment

The Lagos Chamber of Commerce and Industry (LCCI), and Japan External Trade Organisation (JETRO), have signed a Memorandum of Understanding (MoU), to promote trade and investments between Nigeria and Japan.

The Executive Vice President and Head of Africa, JETRO, Dr. Katsumi Hirano, explained that the move comes on the heels of the Federal Government's drive to achieve a private-sector driven economy.

Hirano during the MoU signing ceremony held at the ongoing Lagos International Trade Fair (LITF) 2017, added that the collaboration aims to bring a new economy by facilitating and fostering greater business relationships between the two nations.

According to him, Japanese companies are giving more focus on business in Africa than ever before while also expressing the commitments of Japanese companies to bring in more investments into Nigeria.

"We notice that Federal Government of Nigeria aims to achieve a private-sector-driven economy under the leadership of President Buhari. The collaboration between JETRO and LCCI is on the same track of what the Nigerian government has been pursuing.

"We at JETRO, promote trade and investment by the Japanese private sector. Likewise, LCCI is a pivotal organisation in the Nigerian private sector, and it is the second oldest chamber of commerce in the African continent."

Earlier, the President, LCCI, Nike Akande, said the partnership will further enhance trade relations and investments in a bid to add value to the economies of both countries while also strengthening the synergy between the Chamber and JETRO.

JETRO is a Japanese government-related body which promotes trade and investment between Japan and other nations,

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