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Canada Trade Mission to Africa

November 2002


Dr Baba J Adamu participated in the Canada Trade Mission to Africa held on November 15 - 26, 2002.Johannesburg, South Africa, Lagos, Nigeria, Dakar, Senegal following the G-8 commitment towards Africa.

Africa is one of the fastest-growing economic regions in the world. According to the International Monetary Fund, five of the world’s 20 fastest-growing economies are in sub-Saharan Africa. Between 1995 and 2011, average annual GDP growth in sub-Saharan Africa was greater than 4.9 percent


 
 

 

We are here to observe and not to influence any side. Our duty is to be neutral and impartial" When asked how could someone sacrifice his time especially during the holiday period, Dr. Adamu said: You know, I know it is  a holiday time but you what, I am glad I am doing this, I am glad to be part of a Mission to advance the course of Democracy and will do it again anytime when call upon to do so"

 

Dr Baba J Adamu has always been pro-active in Democracy and promoting International Trade and Democracy throughout the world. He participated in the Canada Trade Mission to Africa with Canadian Minister Pettigrew which was held on November 15 - 26, 2002. Johannesburg, South Africa, Lagos, Nigeria, Dakar, Senegal following the G-8 commitment towards Africa. Dr. Baba Jibrin Adamu, a Nigerian -Canadian; and is the CEO of iNetworks Canada, in Toronto, Canada.

 

During the Trade Mission which took place at the Eko Meridian Hotel Lagos and at the Garden of the Canadian High Commission in Lagos, Dr. Baba Jibrin Adamu said that Nigeria is a major potential business partner to Canada and the rest of the world largely because Nigeria has the largest population in Africa- over 110 million people- the world’s tenth largest oil producer, possessing major resources of other minerals, an entrepreneurial population and a productive agricultural base. Under the New Partnership for Africa’s Development (NEPAD) and Canada, along with its G8 partners, Nigeria stands to benefit tremendously especially in the technology areas. Dr Adamu further stated that there are over 175 Canadian firms currently establishing and doing business in Nigeria. “Nigeria is Canada’s second most important sub-Saharan Africa market; the value of Canadian goods exported to Nigeria rose to $107.8 million in 2001 and service exports exceeded $17 million in 2000. Canadian imports in 2001, mostly crude oil, were valued at $212.7 million. Major Canadian exports included cereals, wireless telephony equipment, plastic products, drilling equipment, specialized machinery and vitamins”.

Reacting to a question on investment in Nigeria Dr. BJ Adamu said that the essence of attracting direct foreign investment into Nigeria will only be achieved if there are adequate infrastructure and incentive to attract investments. We will do all that we can to foster business relationship but you know, investors are interested in stable democracy, security to travel and do business and also credibility. Africa must take the bull by the horn and address the issue of security and business scams like the popular 419 issue. There is also the need to have proper infrastructure in place like adequate power supply and water, and of course viable and workable economic reforms. These are vital for any development to come.

The Company that I represent, iNetworks Canada has sought Nigerian partners to offer technologies and to bring a global broadband Internet-in-the-Sky® network to meet the broadband Internet Access needs of Nigerian Government, businesses, non-profit organizations, and individuals on a global basis. Our International Department co-operate with Progress International in delivering, importing and exporting networking & communication, and telecommunications products from across the world. We intend to make our presence in the Nigeria market and constantly seek viable partners to do business with.

We have the technology and the management skills to bring home the local and international knowledge in customizing Nigerian solutions. On whether this is the first business trip to Nigeria Dr. Baba Adamu said “not at all, although this is a major one. Today we have the Nigerian Canadian Board of Trade & Commerce and also the award winning online News Media called Arewa-online - http://www.arewaonline-ng.com/ with over 1 million membership. We have ANITV, the first of its kind that provides Nigerian TV news over the Internet. Although, due to the tremendous interest we are still negotiating which TV station to add more programs. Right now the Canadian Government have allocated $100 Million into the African Investment Fund and we are determined to bring half of that investment fund into Nigeria.

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

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