In a fresh business deal, it has been reported that Nigeria and Egypt have finally signed some partnership agreements which are worth up to 30 million dollars between business organisations from both countries at the end of the maiden edition of the Nigeria-Egypt Trade Conference and Exhibition (NETCE) which had been hosted in Cairo.
Dr Yousrey El Sharkawi, Chairman, of the Egypt African Businessmen’s Association (EABA), and Mr Mahmood Ahmadu, President, of Nigeria -Egypt Cultural and Socio-Economic Forum (NESCEF), had made this disclosure at the end of the three-day conference in Cairo.
The NESCEF had also been organised by both organisations in collaboration with the Embassy of Nigeria in Cairo and el Sharkawi, while he had been addressing a Press Conference, had revealed that some of the six companies from both countries agreed to cooperate in the sectors of construction, medical equipment, and engineering industries as well as agriculture, mining, technology, and real estate.
He had also lauded the organised private sector in both countries for making bold steps to actualize increased economic cooperation.
Nigeria’s Minister of State for Works and Housing, Ibrahim El-Yakub, who had attended the conference, and toured some housing units developed by the private sector in Egypt, expressed the willingness of Nigeria to cooperate with Egypt in the housing sector, he had also noted that Nigeria required a minimum of 200,000 housing units each year to cater to citizens’ needs.
Nigeria’s Ambassador to Egypt, Nura Rimi, noted that the agreements reached by the private entities would encourage more business and trade opportunities for the benefit of the citizens of both countries.
Rimi emphasised that both countries are endowed with rich natural and human resources, as well as a very enterprising and innovative youthful population. President of NESCEF, Ahmadu thanked EABA and the Embassy of Nigeria in Cairo under whose aegis the conference was held successfully.
“I thank Nigerian firms and government organisations including Online Integrated Solution Services (OIS) Limited, Ocean City Development, Imam001 Global Agency Ltd, Uyk Holdings Ltd, iStrategic Transparent Solutions, G-one Energy Ltd, MFS Limited, Bashik Nasiku & Co, Hinterland Oil & Gas Ltd.
“The Ministry of Industry, Trade and Investment, Nigeria Export Promotion Council (NEPC), Slaylab Fintech, Lakeside Pharmaceutical, Danyalli Farms, among others, for participating in the conference,” Ahmadu said.
NECSCF is a model business association devoted to promoting successful economic relations and business relationships between Nigeria and Egypt.