Daily Trust

FG partners Arab Chamber on trade, Dubai expo

- By Francis Arinze Iloani

The Federal Government has signed a memorandum of understand­ing (MoU) with the Arab Chamber of Commerce to ramp up trade and advance the upcoming Expo 2020 Dubai.

The expo, originally scheduled to run between October 20, 2020 and April 10, 2021, has been reschedule­d to hold October 1, 2021 to March 31, 2022 due to the disruption­s of COVID-19 pandemic across the world.

This was disclosed in a statement released by the Director of Press and Public Relations department of the Ministry of Industry, Trade and Investment, Ibrahim Haruna yesterday.

The statement indicated that the Minister of Industry, Trade and Investment, Niyi Adebayo, said that the MoU will be beneficial to the two countries.

The Minister, who was represente­d by the Director of Legal, Danjuma Alhassan, said the agreement would strengthen business relationsh­ips and promote enhanced trade relations between Nigeria and Gulf countries.

“To boost business opportunit­ies and funding of the upcoming Expo 2020 Dubai, the agreement would formalise a collaborat­ive business relationsh­ip between the ministry and Nigerian Arabian Gulf Chamber of Commerce,” Adebayo said.

The Minister said the cultural and socio-economic forum between Nigeria and all the Gulf Cooperatio­n Council Countries (GCCC) was aimed at the promotion and facilitati­on of the economic relationsh­ip between Nigeria and Arabian Gulf Countries especially in the area of trade informatio­n and financial and technical support.

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