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Private entities from both Nigeria and Egypt at the maiden edition of the Nigeria-Egypt Trade Conference and Exhibition (NETCE) in Cairo have signed a partnership agreement worth 30 million dollars
Dr. Yousrey El Sharkawi, Chairman of the Egypt African Businessmen’s Association (EABA), and Mr. Mahmood Ahmadu, President of the Nigeria-Egypt Cultural and Socio-Economic Forum (NESCEF), announced this at the end of a three-day conference organized by both organizations in collaboration with the Nigerian Embassy in Cairo.
El Sharkawi, in a statement issued Friday by Abdul-Razaq Musa, Executive Assistant to the President, NESCEF, said six companies from both countries agreed to cooperate in the sectors of construction, medical equipment, and engineering, as well as agriculture, mining, technology, and real estate.
He lauded the organized private sector in both countries for taking bold steps to actualize increased economic cooperation.
Nigeria’s Minister of State for Works and Housing, Ibrahim El-Yakub, who 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.
Yakub said Nigeria requires a minimum of 200,000 housing units each year.
Nigeria’s Ambassador to Egypt, Nura Abba Rimi, noted that the agreements reached by the private entities would encourage more business and trade opportunities for the benefit of citizens of both countries.
He emphasized that both countries are endowed with rich natural and human resources, as well as a very enterprising and innovative youthful population.
Ahmadu, the president of NESCEF, thanked EABA and the Embassy of Nigeria in Cairo under whose aegis the conference was held successfully.
He also thanked Nigerian firms and government organizations including Online Integrated Solution Services (OIS) Limited, Ocean City Development, Imam001 Global Agency Ltd, Uyk Holdings Ltd, Strategic 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.
Musa said NECSCF, which is a model business association devoted to promoting successful economic relations and business relationships between Nigeria and Egypt, aims to promote its members in Nigeria and Egypt and facilitate the establishment of mutually beneficial partnerships between Nigerian and Egyptian businesses.
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