Lagos State exploring business opportunities in Namibia

21 Mar 2016 13:10pm
WINDHOEK, 21 MAR (NAMPA) - The Lagos State in Nigeria wants to enter into viable business activities and investment opportunities with Namibian businesses from both the public and private sector over the next few years.
This announcement was made public by Akinwunmi Ambode, Governor of Lagos State in the Federal Republic of Nigeria, during a working lunch with Namibian Deputy Prime Minister and Minister of International Relations and Cooperation Netumbo Nandi-Ndaitwah here on Sunday afternoon.
Ambode, who is in the country on a three-day working visit, wants more business and investment cooperation between his State and Namibia, particularly in the fields of tourism, agriculture, industrialisation and mining activities.
“The Federal State of Lagos is the commercial hub of Nigeria with a population of over 18 million people. It is therefore, imperative for Namibia to seriously explore and identify business opportunities with the business people residing in the Lagos State,” he said.
The governor said that over the past few years Nigeria and Namibia have signed a number of agreements in the areas of education, political and diplomatic, economic cooperation and youth development, and the main aim must now be the promotion of cooperation on industrialisation and sustainable development between the two countries.
“The industrialisation of our economies is vital to help promote value addition to our natural resources and to create gainful employment for our people, especially the large number of unemployed youth,” noted Ambode.
He stressed the fact that Namibia is one of the many popular tourist destinations in southern Africa and that the agreement and cooperation on tourism and other related business activities, will enable the two countries to exchange experience to stimulate and further develop the tourism sector.
On her part, Nandi-Ndaitwah said cooperation in these aforesaid sectors will help facilitate entry of Nigerian investors into the Southern African Development Community (SADC) market, and enable Namibian products to access the vast Economic Community of West African States (ECOWAS) market.
She said integration and business cooperation is one of the pillars for African countries' realisation of dreams, which aim to bring about complete and lasting peace and security, industrialisation, development and prosperity for people.
The two leaders (Ambode and Nandi-Ndaitwah) strongly stressed the need for all African leaders to help promote intra-Africa trade for job creation and development, saying the continent must consolidate the regional economic blocs for economic integration.
Bilateral relations between Namibia and Nigeria date back to pre-independent Namibia when Nigeria had rendered generous all round support to the leadership of the Swapo Party during the national liberation struggle in terms of moral, technical, logistical and financial assistance.
The West African country had hosted hundreds of young Namibians pursuing secondary and tertiary education that time.
Ambode hails from Nigeria's ruling Party - All Progressive Congress (APC).
He leaves Namibia for his home country on Tuesday.