The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has joined forces with Israeli businessmen to improve Nigeria’s non-oil sector and diversify its mono product economy to improve trade relations between the two countries.
In this partnership, Israel, which is reputed for hi-tech production in medicine, security wares and agriculture, is expected to transfer such technology and know-how to their Nigerian counterparts including entrepreneurs, farmers, manufacture other players in the to ensure that Africa’s largest economy experiences real economic diversification.
Speaking at the opening ceremony of a business meeting organised by NACCIMA in Lagos over the weekend, the National President of the Association, Chief Bassey Edem said the relationship between both countries has come of age and need to be improved upon.
The NACCIMA boss who was represented by his vice, Dele Oye, explained that the peculiar challenges of Nigerian business and investment environment like any other developing economies in the world have tremendously improved with numerous opportunities in agriculture, manufacturing, solid mineral, power and telecommunication.
“In this period that the Nigerian Government is working earnestly to diversify the economy, we wish to state that the State of Israel should take advantage of the several incentives that the federal government is providing for all prospective investors that have decided to make our country their next destination. There are vast opportunities in the agricultural sector which Israel can use its comparative advantage to invest into,” Edem said.