News

Nigeria, Rwanda Sign MOU to Strengthen Economic Partnership

Published

3 months ago

November 7, 2024

Ochuwa Ibrahim

Nigeria, Rwanda Sign MOU to Strengthen Economic Partnership

By: Michael Mike

Rwanda and Nigeria have strengthened their economic partnership with the signing of a Memorandum of Understanding (MoU) at the Lagos International Trade Fair between the Lagos Chamber of Commerce and Industry (LCCI) and the Private Sector Federation (PSF) Rwanda.

The signing ceremony took place on the sidelines of the 2024 Lagos International Trade Fair, further underscoring the commitment to enhancing trade and investment ties between the two nations.

The MoU was signed between the LCCI and the PSF, represented by their respective leaders: Mr. Gabriel Idahosa, President of the LCCI, and Mr. Kanamugire Callixte, Deputy CEO of the PSF Rwanda.

This strategic partnership between the LCCI and PSF Rwanda, according to a statement by the Hugh Commission of Rwanda on Thursday, aims to foster collaboration and create new avenues for businesses in both countries. The MoU provides a comprehensive framework for cooperation in key areas such as trade facilitation, investment promotion, information sharing, capacity building, and joint events organization.

High Commissioner of Rwanda to Nigeria, Ambassador Christophe Bazivamo, said:
“This MOU is a testament to our shared vision—a vision of a vibrant and interconnected African business landscape where Rwanda and Nigeria stand as beacons of economic collaboration and mutual growth”. “The Rwandan government is fully committed to supporting this endeavor. We have implemented policies to streamline business procedures, enhance infrastructure, and promote a conducive investment climate.”

The LCCI representative outlined the objectives of the partnership, including enhancing business relationships, exploring investment opportunities, and sharing best practices between Nigerian and Rwandan businesses. Specific sectors identified for collaboration include agriculture (with a particular interest in Rwandan coffee and tea production), energy, manufacturing, technology, and creative industries.

Both parties discussed future plans, including organising trade missions, business-to-business meetings, and participating in each other’s international trade fairs. They agreed to start activities as soon as possible, with plans for virtual meetings and potential visits in the first half of the following year.

Under this MoU, the LCCI and PSF Rwanda will work together to: Facilitate Trade by streamlining trade procedures, reduce barriers, and promote the exchange of goods and services between Nigeria and Rwanda; Promote Investment by identifying and promoting investment opportunities in both countries, organize trade missions, and facilitate business partnerships; Share Information by exchanging information on market trends, trade regulations, and investment incentives to support business decision-making; Build Capacity by organising joint workshops, training programmes, and knowledge-sharing initiatives to enhance the competitiveness of businesses in both countries; and Host Events by collaborating on organising trade fairs, exhibitions, and business forums to foster networking and facilitate partnerships.

According to the statement: This partnership is expected to generate significant benefits for businesses in Rwanda and Nigeria, including: Increased Trade as the MoU will facilitate greater trade flows between the two countries, opening up new markets and expanding business opportunities; Investment Growth as the collaboration will attract investment in key sectors, contributing to economic growth and job creation; Enhanced Competitiveness as businesses will benefit from knowledge sharing and capacity building initiatives, improving their competitiveness in regional and global markets; Stronger Networks as the MoU will foster stronger business networks and partnerships, facilitating collaboration and innovation.

The Rwanda High Commission said it encourages businesses in both countries to explore the opportunities created by this partnership.

Nigeria, Rwanda Sign MOU to Strengthen Economic Partnership

News

MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

Published

5 hours ago

January 22, 2025

Ochuwa Ibrahim

MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

CELEBRATING PRESIDENT BOLA TINUBU

The President/Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency, Bola Tinubu, has been announced “MAN OF THE YEAR” by THISDAY Newspapers and ARISE News Board of Editors.

The prestigious recognition reaffirmed Mr. President’s exemplary leadership, visionary thinking, and unwavering commitment to transforming the country amid mounting economic and security challenges.

The awards organisers also noted that the President has marched on with courage and determination to change Nigeria for the better, and proven to be a leader who is driven more by convictions and taken decisions which are in the best interest of the nation.

To commemorate this milestone, THISDAY is unveiling a Special Edition on Monday, January 27, 2025, to afford the President’s
aides, friends, well-wishers, and associates the opportunity to share in the joy and pride that the award brings to Mr. President through placement of Congratulatory/Goodwill messages to honour the awardee among other award recipients.

Our advert rates are as follows:

COLOUR
(a). Full page: N1,612,500.
(b). Half Page : N1,074,462.
BLACK & WHITE:
(a). Full page: N1,431,093.75
(b). Half Page: N1,048,125.

Please note that ALL RATES ARE SUBJECT TO 7.5% VAT

Adverts placements are to be PRE-PAID.
Advert materials are to reach us two days to the date of publication.
Payment should be made in cheque, bank draft, or e-transfer in favour of THISDAY NEWSPAPERS.

For further enquiries or advert booking, kindly contact:

Bawo Golde
Advert Manager
08033015988

MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

News

Nigeria Commiserates with Türkiye Over Devastating Fire Incident

Published

5 hours ago

January 22, 2025

Ochuwa Ibrahim

Nigeria Commiserates with Türkiye Over Devastating Fire Incident

By: Michael Mike

Nigerian government has commiserated with the government and people of Türkiye over the fire incident at the Grand Kartal Hotel in the Kartalkaya Ski Resort that resulted in the death of 66 persons injured over 50 others.

The condolence message was contained in a statement signed by the acting spokesperson of the federal ministry of foreign affairs, Kimiebi Ebienfa.

The statement read: “The Federal Republic of Nigeria wishes to express deep condolence to the Government and People of the Republic of Turkiye over the unfortunate fire incident at the Grand Kartal Hotel in the Kartalkaya Ski Resort.

“The fire, which claimed the lives of 66 persons and injured over 50 others in Bolu Province in Northwestern Turkiye, was reported to have started in the early hours of Tuesday 21st January 2025.

“The Federal Government of Nigeria sympathizes with the Government of the Republic of Turkiye and the families of the victims of the fire incident, and also wishes a speedy recovery of the injured.”

Nigeria Commiserates with Türkiye Over Devastating Fire Incident

News

Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank

Published

7 hours ago

January 22, 2025

Ochuwa Ibrahim

Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank

By: Mamman Mohammed

The Islamic Development Bank has expressed satisfaction with the preparedness of Yobe state government to partner the bank for an agricultural project.

Mr. Javed khan, Senior Agriculture Specialist of the Bank stated this at a courtesy call on Governor Mai Mala Buni CON, at the Government House, Damaturu.

Khan said the commitment of Yobe state government to meeting its obligations is quite impressive and encouraging.

Khan who led a team from the bank on assessment tour of the state to see for itself the documents developed and the preparations on ground for the project, said the team was convinced with government’s committment to the project.

“We were initially discouraged not to come to Yobe state citing insecurity but, we insisted on coming and are impressed with the peace and security, and the government’s commitment to the project.

“We are working towards a target in the next three months for the state to obtain approval from the bank for the project.

“The working synergy between our team and your team suggests that we will achieve our target within the stipulated time frame” Khan said.

Responding, Governor Buni commended the Bank for not listening to the enemies of progress of the state.

“l am glad you did not listen to them, some of whom have never been anywhere close to Yobe state but giving stories about what they don’t know.

“You are now here and you have seen things for yourselves and can tell the story better. We are ready for this partnership using agriculture to drive the economy of our state and the people.

“All the 17 local government areas in the state are now accessible and the people can access their farms and make this proposed project successful” Buni said.

The Governor explained the importance of agriculture to the people, adding “this project would guarantee food security and economic prosperity in our post insurgency recovery programme.

“The resilience exhibited by our people in embracing agriculture being their major preoccupation to rebuild their lives after the protracted insecurity is very encouraging and need to be supported” he said.

The Governor re-ephasized the readiness of his administration to partner the bank to make agricultural development in the state a huge success story.

Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank