The Nigeria-Canada Trade & Investment Group (NCTIG) in collaboration with the Nigeria High Commission, Ottawa, had its annual summit from November 4th – 5th, 2019 at the Transcorp Hilton in Abuja, Nigeria. The leadership of the NCIS Team and the Nigerian High Commissioner to Canada ensured the Summit was a great success.
We are honored to have had representatives from the Office of the Mayor of the City of Brampton support and participate at the Summit. They have opened the door to bi-lateral trade and investments between Nigeria and the City of Brampton.
In 2019, two MoUs were signed between Cross Rivers State and 1 Million Teachers and Cross Rivers State and Scale Camp. Click Image below for more details.
His Excellency, Professor Yemi Osinbajo, (SAN, GCON) was the keynote speaker and delivered the opening address at the Summit in November. He discussed that the FIPPA agreement will be concluded and ratified by Nigeria and Canada in the first quarter of 2020.
The MD of NCTIG, Mr. Taiwo Odutola discussed the bridge that NCIS is creating between Nigeria and Canada and the need to increase the bi-lateral trade relations between both countries. Nigeria needs more investments from Canada.
The Chairman of the Board of NCTIG, Prof. Tony Bailetti discussed that Canada must improve its trading relationship with other international countries outside of the United States. Nigeria continues to be a veritable investment destination for Canadian investors.
The Nigerian High Commissioner to Canada, Mr. Adeyinka Asekun spoke on the successes and opportunities in the bi-lateral trade relations between Nigeria and Canada. Mr. Asekun discussed the need for more depth in the commercial relationship between Canada and Nigeria.
The Director General of Global Affairs Canada, Central & West Africa, Mr. Tarik Khan stated that Nigeria as the Canada’s second largest trading partner and largest investor from Sub-Saharan Africa. Nigeria is one of Canada’s most important economic partner in the region. He is also convinced that Nigeria is also an important future market holding untapped opportunities for Canadian companies.
Deputy High Commissioner of Canada to Nigeria, Mr. Ryan Ward stressed that Canada holds its companies to the same standards abroad as it does in Canada.
The CEO/Executive Secretary of NIPC, Ms. Yewande Sadiku presented alongside several state investment promotion agencies the investment opportunities that exists and how Canadian investors can benefit from these investments with concessions made available to investors.
The SSA to the Vice President on Trade & Investment, Dr. Jumoke Oduwole presented the improvements made to support FDI by making it easier to do business in Nigeria.