Nigeria-Canada Investment Summit, Abuja - Nigeria -

Nov 4-5, 2019

Nigeria-Canada Investment Summit aims to promote trade and investment relations between Nigeria and Canada through a regular exchange of information among its members and other relevant stakeholders and to advise the governments of both countries on bilateral trade relations issues. It encourages regular liaison with officials in government departments and representative bodies concerned with Nigerian-Canadian trade, investment, and industrial relationships.

 
 
 

 

     

 

 

Dr Baba J Adamu has participated in the Canadian Trade Missions to Africa   - South Africa, Nigeria, and Senegal following the G-8 commitment towards Africa:

He also participated as a team-member of the former Canadian Prime Minister John Turner in the Ukraine Presidential Election with co-operation with the EU, and 2005 National Political Conference (Confab) in Nigeria:

   

       

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Vice President Yemi Osinbajo at the event in Abuja said that Nigeria remains a major trading partner with Canada in Africa.

Osinbajo said this at the Nigeria-Canada Investment Summit 2019 with the theme: Reaching Greater Heights. He added that Nigeria was one of the 10 reforming economies in the world, adding that the summit focuses on the six major sectors of the country’s economy.

“The six sectors listed in the summit namely: Education, Healthcare, Mining, Power, Infrastructure, and Agriculture, are the crucial sectors and are very important for Nigeria’s economy.

“We encourage all our partners to maximise all the platforms provided and prospects available for businesses to prosper. Our trade and investment sector in Nigeria has remained a major trading partner to Canada in Africa.

“Canada import includes minerals, fuel, cocoa, rubber and many more while it exports vehicles equipment, manufacturing equipment, and software.

“We have also increased double taxation agreement in 1999; we expect our foreign investment and promotion to be concluded by both countries as early as possible in 2020. However, the next few years promise to be exciting for businesses in Nigeria,’’ Osinbajo said.

He urged all visitors and friends of Nigeria to take time to visit the city of Abuja, test “Our Suya and most importantly, our Nigerian Jollof rice”.

Mr. Tarik Khan, the Director-General, West, and Central African Global Affairs Canada, said Nigeria remains the largest trade and investment partner to Canada in Sub-Sahara Africa. He said his priority was to promote trade and investment in the continent, especially in Sub-Sahara Africa, adding that Nigeria is the largest investor in Canada from the region.

“As far as our investment is concerned in 2018, Canadian direct investment in Nigeria reported 500 million Canadian dollars, Nigerian represent an attractive market in business services as the third-largest export market in Africa.

“The potential for growth as the Excellency mentioned is significant, in areas of technology, ICTs, Agriculture, Creative Industries, Aviation, Education and Technical Vocational Training in our communities’ projects.

“I am convinced that Nigeria is also an important future market that holds untapped opportunities for Canadian companies, and its young dynamic entrepreneurial population has a natural capability towards innovation.

“Nigerian recent decision to join the African continental free trade area and to see greater economic integration with its neighbours, we only expect more opportunities to emerge. Innovation is the key to our common future as we know in this industrial revolution and building human capacity in the growth sector of the future is what we need to aim,’’ he said.

He said that Canada has introduced several policies that favour greater trade and investment in emerging markets like Nigeria in recent years.

“With the shifting wind of international trade, our government has recognised the need that our export and investment links are more diversified.

“For this reason, we have launched our trade diversification strategy. Canada is committed to investing 1.1 billion dollars to help Canadian businesses access new markets with the objectives of increasing international exports by 50 percent by the year 2025,’’ he said.


   

 

 

"Where despair and hopelessness exist, those who have the ability to take action have the moral responsibility to take action to help those who live on the bare edge of survival.  And democracy is more than the creed of our country, it is the inborn hope of our humanity, an ideal we must carry, a trust we must bear and pass along. And even after all these years, we have a long way yet to travel, that is why we must all be involved ..."  - Baba J Adamu

 

FUTURE OF ICT IN NIGERIA
"Today, Nigerian ICT sector is at the cross roads. The direction we choose will determine not just our future but also the legacy we leave behind for future generations of knowledge workers in this country, who have the creativity to dream impossible dreams and the determination to translate those dreams into reality"...
- Baba J Adamu

“Given the emergence of new regional dynamics in development policy and practice, Arewa region MUST fine-tune current regional development perspectives and to develop new ones that are not only more in sync with the present and future global context but with the governance systems being currently adopted that are becoming more and more decentralized and grassroots oriented. States Governors within the Arewa region must come together to create and adopt the Arewa Regional Economic Plan with emphasis on a balanced approach to development and opportunity for all diversity irrespective of one’s tribe, social class, religious belief and even political affiliation; and establish targets for economic growth of the entire region taking advantage of our Demographic Shifts, which will fuel the growth of new sectors, markets, and service lines in our communities. The ability of our diversity to build strength and unity is the power that will propel the region and consequently, the Nigerian industry, into new dimensions of performance and inclusive growth. Catalyzing Inclusive Growth Through ICT-enabled solutions in healthcare, education, financial services and public services can drive socio-economic development and inclusion of more than 30 million citizens each year, faster, cheaper and more effectively than traditional models. The economic plan should be built on current regional opportunities, collaboration and innovation linking States macroeconomic models with regional development and economic plan termed: Regional Econometric Model”President ACRD 

 

 


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