Nigeria/Mexico Bilateral Tie to Boost Investment

The Federal Government has inaugurated the Nigeria/Mexico Chamber of Commerce and Industry in a bid to improve bilateral relations with Mexico.
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, will help to boost the level of trade between both countries as well as open investment opportunities for investors.
Aganga said the reinforcement of the bilateral tie came at a time when the Federal Government was working diligently to intensify trade, generate employment and improve the welfare of the people. The minister was represented by the Executive Director, Nigeria Export Promotion Council, Mr. Olusegun Awolowo during the inauguration of the chamber in Abuja.
He disclosed that it would also make both countries diversify their economies away from oil and concentrate on other area of the economy such as manufacturing, automotive industry and agricultural sector.
“We are impressed with what Mexico has done in terms of diversifying its economy away from oil and we want to replicate such achievements here in Nigeria. We want to stop exporting raw materials and to start producing what we need in this country and this is what the industrial revolution plan is meant to achieve,” Aganga said.
Also at the occasion, Marco Antonio Blanco, Mexican Ambassador to Nigeria, in an address, said that the inauguration of the chamber marked a milestone in growing and strengthening the economic ties between both countries.
 According to him, the partnership will also allow efficient identification of business opportunities, investments, joint ventures and specific strategic alliances to enhance and diversify bilateral trade.