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Nigeria, Portugal to strengthen trade ties

By on July 5, 2014

In order to promote trade and encourage the development of businesses, Nigeria and Portugal have pledged to strengthen economic relationship between both countries.

Representatives of both countries also promised to develop social, cultural and artistic projects that would the culture of both countries.

Speaking at a dinner organised by the Nigeria-Portugal Friendship and Business Association that was held in Lagos on Wednesday, the Manager, Business Services Department of the association, Mrs. Maria Helena Ramos said Portugal is an entrepreneur country that is working with 50 countries worldwide to attain success.

She further noted that as an association that has been in existence for over 165 years now, “we are to work with Africa countries in order to make more market both locally and as well as selling them.

“Having done survey, we believe we can now invest in the market. We also have an established association for different sectors ranges from food industries, health and pharmaceutical just to mention but few.”

Currently, the population of Portugal is 10 million and the market is not so big.

The aim of the association is to promote and assist trade and encourage the development of business, economic, social and institutional relations between Nigeria and Portugal.

Therefore, she disclosed that the country has considered Nigeria as a good business destination.

She however urged the government and Nigerians to support the association in achieving their goals to boost trade between both countries.
The association said it is fully prepared to support the development of business relations between the two countries.

This would range from market prospecting, strategic consultancy and advisory, commercial planning, assistance in legal requests in establishing partnership and investment drive, among others.

Also speaking at the event, the Executive Director, Nigeria Interbank Settlement System (NIBSS), Mrs. Christabel Onyejekwe, said the Nigeria government is doing everything possible to attract investments into the country.

The Chief Executive Officer, NIBSS, Mr. Ade Shonubi, however lauded the association for the good initiative, saying its contribution would also support the payment system.

He maintained that for over two years now, the relationship between both countries have, saying that he expect it to grow further.



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