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NACCIMA Partners with Israeli Businessmen In A Bid To Diversify Economy.

Valentine Chinyem



The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has pitched tents with businessmen in Israel in a bid to improve Nigeria’s non-oil sector and diversify its one product economy so as to better trade relations between the two countries.

Under this partnership, Israel, which is highly reputed for hi-tech manufacturing in medicine, security equipment and agriculture, will transfer such technological know-how to their Nigerian counterparts which include entrepreneurs, farmers, manufacturer and other players in the country to facilitate Africa’s largest economy‘s economic diversification.

While speaking about the partnership at the opening ceremony of a business meeting organized by NACCIMA in Lagos over the weekend, the Association’s National President, Chief Bassey Edem revealed that the partnership between both countries has come of age and need to grow rapidly

The President who was represented by his vice, Mr. Dele Oye, remarked that the inherent problems of Nigerian business and investment environment like any other emerging economies of the world have greatly improved with many opportunities in agriculture, manufacturing, solid mineral, telecommunication and power.

He said, “In this period that the Nigerian Government is working earnestly to diversify the economy, we wish to state that the State of Israel should take advantage of the several incentives that the federal government is providing for all prospective investors that have decided to make our country their next destination. There are vast opportunities in the agricultural sector which Israel can use its comparative advantage to invest into.”