ABIJA – President Mamnoon Hussain has said that Pakistan offers promising opportunities to the Nigerian businessmen in energy, infrastructure, railways and telecommunications sectors.
He was addressing Pakistan Nigeria business forum here. Nigerian’s President Dr, Goodluck Jonathan was also present on the accession. The President said that Pakistan is a business friendly country with liberal, sound and transparent policies. The incentives offered by the Government to foreign investors have made Pakistan an attractive destination for investments.
He said that the volume of our bilateral trade with Nigeria, however, is around US$70 million which necessitates further efforts to fully harness our true potential. He also said that Reinvigoration of Pakistan's economy is our declared priority.
The measures undertaken by the Government to infuse fresh spirit into the economy have been successful. He said the outcome of the recently concluded meeting of the Pakistan-Nigeria Joint Ministerial Commission is a matter of satisfaction. The two sides have also agreed to negotiate a
Bilateral Trade Agreement and also consider signing of an Economic Cooperation Agreement.
Mamnoon Hussain said that we have embarked upon a comprehensive strategy to increase our interface with Africa. He announced that Pakistan will soon be establishing a commercial section in Lagos and hoped that it will open new visitas for bilateral trade and commercial cooperation and would facilitate interaction at both G-2-G and B-2-B levels. He said that we would welcome Nigerian Businessmen to explore investment and trade opportunities in Pakistan.
He assured that maximum facilities will be extended to them. He urged the business communities of the two countries to work together to translate efforts made by the governments into substantial and lasting gains for economic development and prosperity of our people.
The President further said that Pakistan and Nigeria are blessed with abundant natural and human resources. They are both geo-strategically located which gives them a special significance. "Together we can realize our potential and materialize it into a concrete partnership for peace and prosperity of our peoples".
He said Pakistan - Nigeria relations have solid bedrock of cooperation at international and regional fora, such as the UN, World Trade Organization (WTO), Organization of Islamic Countries (OIC) and Developing-8 forums (D-8). It is time to translate it into a meaningful relationship.
President of Nigeria Dr. Goodluck Jonathan also spoke on the occasion and encouraged Pakistani investors to Nigeria to make advantage of our huge investment opportunities and other incentives especially those in Nigeria free trade export processing zones.
He also asked Nigerian business community to do same in Pakistan. Together we can move our economies forward. He said that we must take the issue of our development in our hands and grow our economies to reduce poverty and create jobs for our growing populations.
On this occasion, FPCCI and Nigerian association of Chambers of commerce, Industry, Mines and agriculture inked a memorandum of understanding for enhancement of trade and commerce. Acting President FPCCI and Alhaji Mohammad Badru Abubakar National President Nigerian association of Chambers of commerce, Industry, Mines and agriculture signed the memorandum.