The start of the Egyptian-Nigerian Economic Cooperation Conference in the Administrative Capital … next May

The activities of the first Egyptian-Nigerian Economic Conference will be launched in the Administrative Capital on 22-25 May, organized by the Egyptian-African Businessmen’s Association EABA and the Nigerian-Egyptian Association for Culture and Social Economy NECSEF.

The conference aims to support and improve joint cooperation in the private sector between the two countries, to seek opportunities and strategic export trade and investment horizons between the two parties, and African-African cooperation between the Egyptian-Nigerian relations and the rest of the African countries from the perspective of the private sector.

Nigerian Embassy: 160 businessmen from 13 economic sectors participated in the conference

Naura Aya Remy, the Nigerian Ambassador to Cairo, revealed that he is making intensive contacts with the Nigerian government, the Egyptian side and at all levels so that the conference achieves its goals, and emphasizes the support of the two countries’ presidents for joint cooperation on all levels.

He noted that Nigeria’s Ministry of Trade and Industry, the Nigerian Export Development Center and support projects for agricultural projects are scheduled to participate in the economic forum, pointing out that an exhibition will be held on the sidelines of the forum, explaining that the third day of the conference will be for bilateral meetings between businessmen from the two countries.

Remy explained that the conference is scheduled to be attended by 160 Nigerian businessmen in more than 13 economic sectors, such as mining, industry, real estate, construction, agriculture, health, energy and water resources.

He pointed out that all these sectors carry the interests of the financial and business community, and the Nigerian private sector community, emphasizing that what Egypt has achieved in the file of economic reform has attracted all businessmen from all countries.

Remy stated that the Egyptian-Nigerian cooperation in the private sector file is an extension of what was signed in Egypt with a joint cooperation agreement between the Egyptian African Businessmen’s Association and the Nigerian Association for Economics, Culture and Economic and Social Sciences.

Bashir Ibrahim, the Commercial Attaché of the Nigerian Embassy, ​​pointed out the strong presence of the Egyptian economy in the Nigerian market, stressed the importance of economic cooperation between the two countries, and highlighted the industrial, technical and human capabilities of both Egypt praised. and Nigeria.

“It is time for us to enter a clear and new phase of bilateral economic relations, and to make appropriate use of the economic energy available in the two countries,” he said.

He added that Egyptian-Nigerian relations had expanded since the early 1960s, emphasizing that trade between Egypt and Nigeria was growing significantly.

President of the African Egyptian Association: The conference includes a 3-day exhibition and field visits to a number of industrial areas

In turn, dr. Yousry El-Sharqawy, head of the Egyptian-African Businessmen’s Association, emphasizes that the forthcoming economic conference next May is the first of joint cooperation with most African countries.

He explained that Nigeria is one of the most important countries and stations with which to have fruitful and genuine cooperation, and pointed out that Nigeria and Egypt have a population of almost one third of the population of the African continent, and the gross domestic product of the two countries is more than 30% of GDP. For the countries of the mainland, as well as the presence of large and diverse markets between the two countries, and a region in central West Africa, which is the leading Nigerian neighborhood, and explains that all these indicators must be taken into account, to support, enter and encourage the private sector.

Al-Sharqawi added that the general atmosphere between the two countries has become available at the moment to increase the volume of trade exchanges and achieve real investment, pointing out the existence of a free trade agreement between the two countries, and the real desire of Egyptian and Nigerian businessmen will make a difference in the level of cooperation and positive results achieved during the coming period.

He said that more than 150 Egyptian businessmen are expected to participate in front of their counterparts in Nigerian society during their visit to Egypt so that we can come up with a good job worthy of the scope of purpose of this event.

He pointed out that the Nigerian delegation’s program would, on the first day, hold an extensive conference that would begin with the opening remarks of the major government representation between the two countries, followed by several meetings to explain trade and investment opportunities between the two countries , or at the level of the government sector or the private sector, and then an open discussion session with the symbols of the Nigerian Egyptian business community.

He explained that the second day would hold many bilateral meetings between the delegations of the two countries, and an exhibition of some Egyptian-Nigerian companies and products during the conference, adding that it was scheduled for the third day of the conference. be to make visits to some industrial areas in Egypt, some investment projects and the economic zone of the Suez Canal so that the Nigerian side can get acquainted closely with what Egypt has achieved in the economic zone project.

He noted that the investment conference will reveal very important points, and the participants will be able to learn about the available African investment opportunities and the challenges of African trade, as well as to communicate with prominent African businessmen and policymakers.

Al-Sharqawi stressed that the coming period will show strong coordination between the two countries. To increase joint investment and strengthen trade and investment relations between Egypt and Nigeria, confirming the achievement of the objectives of the Egyptian-African Businessmen’s Association and its progress according to the signed plan; To expand its role in promoting economic activity in Africa.

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