Nigeria, Kenya to explore opportunities in African markets

on   /   in News 10:16 pm   /   Comments

ABUJA—THE Nigeria Export Promotion Council, NEPC, and its Kenyan counterpart have pledged to explore the vast market opportunities in Africa to promote trade and investment.

The two made the commitment when the Chief Executive Officer of Kenya Export Promotion Council, Mrs. Ruth Mwaniki, visited NEPC’s office in Abuja.
Mr. Olusegun Awolowo, NEPC Executive Director, said African countries have not fully explored the opportunities provided by the inter-Africa-trade policy.

He said that the continent could only reach an enviable economic growth if the countries encourage trade between themselves.

“The NEPC is principally established to offer assistance that could boost enterprise. Both countries can, therefore, explore the available opportunities provided by the Inter-Africa-Trade policy. Kenya has comparative advantage in horticulture business just as Nigeria has in film-making and oil exploration. We are also strong producers of cocoa, rubber, cassava, sesame seeds and endowed with so many natural resources yet to be explored.

“Therefore, the two countries could leverage on these opportunities to strengthen their economies,” he said.
On NEPC inputs to the World Economic Forum, he  said that the council would cash in on the influx of investors to explore possible partnership with local entrepreneurs.

On her part, Mwaniki expressed delight on her visit to Nigeria, adding that Kenya was prepared to partner Nigeria to expand trade in Africa.

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