Nigeria, Namibia cham­bers of com­merce sign deal

Daily Trust - - NEWS - From Kay­ode Ogun­wale, La­gos

Nige­rian As­so­ci­a­tion of Cham­bers of Com­merce, In­dus­try, Mines and Agri­cul­ture (NACCIMA) has signed a Me­moran­dum of Un­der­stand­ing with Namibia Cham­ber of Com­merce & In­dus­try (NCCI).

The MoU, which is aimed at pro­mot­ing mu­tual busi­ness co­op­er­a­tion be­tween the two coun­tries, was signed at the Nige­ri­aNamibia Busi­ness and Trade Fo­rum.

NACCIMA Na­tional Pres­i­dent, Al­haji Mo­hammed Abubakar, who was rep­re­sented at the fo­rum by a Na­tional Vice Pres­i­dent of the as­so­ci­a­tion, Ide John Udeag­bala, ex­pressed hope that the MoU would con­sol­i­date busi­ness deals that would be ben­e­fi­cial to both coun­tries.

Udeag­bala ex­plained that the pe­cu­liar chal­lenges of Nige­rian busi­ness and in­vest­ment en­vi­ron­ment like that of Namibia have tremen­dously im­proved with nu­mer­ous op­por­tu­ni­ties in Agri­cul­ture, Man­u­fac­tur­ing, Solid Min­eral, Oil and Gas, Tourism, Elec­tric­ity (Power) and Telecommunication.

The Pres­i­dent of Namibia Cham­ber of Com­merce, Martha Na­mund­jebo-Tilahun, said the Me­moran­dum of Un­der­stand­ing is ex­pected to yield joint ven­ture part­ner­ships for the pri­vate sec­tors of both coun­tries. She fur­ther ap­pealed for ex­change of rel­e­vant know-how, where ap­pro­pri­ate, for the pro­mo­tion of eco­nomic co­op­er­a­tion.

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