Written by Godfrey AKON

Nigeria to sign MoU on economic cooperation with Italy

Nigeria and Italy have agreed to sign a Memorandum of Understanding, MoU, to strengthen trade and economic cooperation.

The move is part of efforts by the Nigerian and Italian Governments to strengthen ties on the areas of agro-allied industries, manufacturing, textile, leather, and telecommunication as well as small and medium enterprises, SMEs.

Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr Nasir Sani-Gwarzo, disclosed this when the Deputy Head of Mission, Italian Embassy in Nigeria, Mr. Tarek Chazli, paid him a courtesy visit in Abuja.

Sani-Gwarzo stressed the need for Nigeria and Italy to strengthen their trade and economic co-operation on other areas such as Investments in export products; Industrial clusters, Information Communication Technology, ICT. Industrial Processing Zones, Pharmaceuticals and cultural co-operation, among others.

A statement by Mrs Magdarlyn Terhile-Sende, Deputy Director of Press in the Ministry, said Sani-Gwarzo, who was represented by the Director, Legal Services in the Ministry, Mrs. Bola Adewale, noted that with the MoU, the two countries will explore more areas of collaborations for mutual benefits.

The Deputy Head of Mission, Italian Embassy in Nigeria, Mr. Tarek Chazli, in his remarks, said the delegation was in the Ministry to seek for more collaboration in order to strengthen trade and economic co-operation between Nigeria and Italy.

Chazli said one of the Italians companies Cappa and Dalberto had been in Nigeria since 1920 and done a lot of road constructions in Nigeria, noting that, the Italian Government just opened Italian Trade Agency, ITA, office in Lagos last week to strengthen business relationship between the two countries.


 He further disclosed that Italian companies are in Nigeria to create more business opportunities and create more areas of collaboration to strengthen trade and economic development of the two Countries.


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