African Union, Economic, Social and Cultural Council, AU-ECOSOCC, has charged the federal government to take advantage of the proposed Nigeria Eastern Europe Business Summit Expo, NEEBSE 2020 to develop its agriculture sector and position it for exports.
This is even as the Council praised the efforts of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, on the international business submit and urged other leaders to emulate the traditional ruler in boosting the country’s economy for general development.
Nigeria Representative on the 3rd General Assembly of the Council, Mr. Oba Olasunkanmi John, disclosed in a statement issued yesterday in Abuja that the four-day expo will galvanize mutually benefiting trade and investment ties between Nigeria and the Balkan States.
“It is heartwarming that his Imperial Majesty (Ooni of Ife), has shown such passion at not only reviving our culture but passionate about the country’s economy as well.
“With the impact of COVID-19 on the economy, all hands must be on deck to ensure that Nigeria economy is sustained. The efforts of Ooni must not only be emulated by all leaders but he must be encouraged by all means possible.
“It is certain that this business summit is apt and it will open up trade and investment opportunities for Nigerian businessmen and their counterparts from the Balkan States of Croatia; Bosnia and Herzegovina; Slovenia; Serbia; Montenegro; Kosovo; Macedonia; Romania; Bulgaria; Albania; Greece; and, Turkey.
“With the effects of COVID-19 on World Economy, trades among countries will be one of the major ways of resuscitating the economy and Africa is a major focus, hence Nigeria must take advantage of this as investors from these countries will be looking at the opportunities presented by the Nigerian population and are looking forward to closing deals with Nigerian businessmen in the areas of productive partnerships; strategic business collaborations; and, endorsement deals.
“His Imperial Majesty has taken a bold step and the government must take advantage of this summit to win more investors to develop its agriculture and solid mineral sectors,” he said.
The Representative added that “there will be a funding workshop and access to investment funding for viable on-going business projects for which One Billion Dollars ($1billion) Open Line of Credit has been made available.”
This, Oba advised should not be limited to Nigeria, but other Africa countries must be encouraged to also participate.
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