User login

Ukraine To Invest $2bn Manufacturing, Agro-Processing Equipment In Nigeria

Изображение: 

Ukraine would invest over $2billion in the provision of manufacturing equipment, agro-processing, agricultural, metal, and plastic equipment to Nigeria.
This formed one of the outcomes of the Memorandum of Understanding (MoU) signed by Ukrainian Chamber of Commerce and Abuja Chamber of Commerce and Industry (ACCI) at a Business Forum in Abuja.
Addressing newsmen after the signing of the MoU, Prince Adetokunbo Kayode, the President of ACCI, explained that the MoU was tailored to encourage Ukrainian businessmen to invest in Nigeria through the provision of manufacturing equipment, and other equipment across the agricultural value chain to boost the economy.
Kayode noted that the Ukrainian has strong equipment in all sectors of the economy, adding that Nigeria has raw materials and huge population and markets to support the investment.
Commenting on the worth of the investment, he said: “We are looking at a minimum of $2billion investment. We are talking about manufacturing across board.”
He underscored the need to manufacture goods and services in Nigeria to create jobs and stabilise the economy.
According to him, “If we bring equipment for manufacturing, we will make money. We are net importer of virtually everything.
“We have the market. We must manufacture here to create jobs for Nigerians. No country is an island. We have to go out to get the best in the spirit of economic diplomacy.
“What we have done today is to strengthen the economic diplomacy, a new policy initiative by government to bring international community into Nigeria and to bring government more into the private sector.
“We have signed MoU with Ukrainian Chamber of Commerce. The main purpose of this is to bring their businessmen together.
“We want to do manufacturing, Ukraine has the strong equipment. We have the population and raw materials.
“So, they are bringing their equipment to manufacture every of the value chain in agriculture, plastics, agro-processing, metals, among others in Nigeria. They have strengthened Nigeria’s business community.
Also speaking, the Ukrainian Ambassador to Nigeria, Valerii Aleksandruk, commended the Nigeria-Ukraine Business Forum initiative, adding that the bilateral relationship between both countries would be expanded and deepened.
https://www.invest-nigeria.com/ukraine-invest-2bn-manufacturing-agro-pro...
https://independent.ng/ukraine-to-invest-2bn-manufacturing-agro-processi...
Ukrainian Trade Mission Signs MOU with Nigeria to Expand Trade Relations
The Ukrainian Trade Mission has signed a Memorandum of Understanding (MoU) with the Lagos Chamber of Commerce and Industry (LCCI) to enhance the trade relationships between the two countries as well as to study and discuss the system of export-import relations, trade barriers and legislative features.
Speaking at the event in Lagos, the Deputy Minister for Economic Development and Trade of Ukraine, Mrs. Nataliya Mykolska, said this was the first ever Ukrainian Trade mission to Nigeria adding that the country is a promising partner for Ukraine in West Africa. He said that the country is among top-20 markets in focus for Ukrainian export in the export strategy of Ukraine.
She also noted that there is a great potential for bilateral trade increase, pointing out that there are a lot of opportunities for Ukrainian businesses in Nigeria thus the decision to open Nigeria market for Ukrainian exporters.
Furthermore, she said that Ukrainian products are of high quality with competitive prices for the Nigeria market, adding as a country they have the knowledge to offer tailor-made solutions to entrepreneurs in the Nigeria market.
According to her, through the trade relation, they would be ready to sell to the Nigeria market industrial energy machinery, which would help drive the exploration and production in the oil and gas industry.
Earlier, in his remarks, the Ukranian Ambassador to Nigeria, Valeriy Aleksandeuk, pledged his country’s commitment to building a strong bilateral trade relation with Nigeria, stating that the partnership would help expand their relationship especially in trade, investment and economy.
He noted that both countries have enjoyed good trade relationship for many years and want to use the trade partnership agreement to expand the corporation.
Continuing, she said: “We are ambitious about doing businesses in the region, because we are becoming global. Nigerians should look at our companies for long lasting corporation. We are looking for companies in West Africa to do business with. We are leaders in different sub-sectors. We are great partners to Nigeria in terms of supply of agricultural products.
“Our products will be of high demand here because the prices are competitive and they are of high quality especially industrial products. We are experienced in offering the individual tailor- made solutions in different types of machineries. The Ukrainian companies are ready to adjust their products to the Nigeria market without any additional fees for the local consumers in the Nigeria market. This applies for food products and machinery building because we have realised that in Nigeria, there are certain standards required for products. Therefore we have companies they are ready to meet those standards. The Nigeria market is a market in focus and it is strategic, while stating that they have seen that the country is one of the fastest growing in the Africa region, therefore she noted that Nigeria market is one of Ukrainian biggest market on the continent.”
https://www.invest-nigeria.com/ukrainian-trade-mission-signs-mou-nigeria...
https://www.thisdaylive.com/index.php/2018/04/06/ukrainian-trade-mission...