Business
Nigeria Needs To Embrace Foreign Businesses… Kenneth Oguzie
The director of Africa Canada Trade Investment Ventures, Mr. Kenneth Oguzie has called on Nigeria government and business owners to explore foreign businesses especially in Canada.
He said this in an interview during his visit to Nigeria in preparation for a 2 days summit that is stated to hold in Canada by 23-24th of March, 2019.
He said there are so many things that can attract an average Nigerian business and what they can import and export to increase the country’s GDP as Canada is home to world-class businesses in multiple sectors ranging from agriculture and agribusinesses, unique beverages, health foods, information and communication technologies, ocean technologies to Oil and Gas services.
Canada has a long trade history with Nigeria and Africa as a whole, with bilateral trade between both countries averaging about $2.3 billion yearly since 2006. This has been projected to grow further after the bilateral trade agreement ( Foreign Investment Promotion and Protection Agreement (FIPA) signed a few years ago to improve ease in doing business between both countries. Canada’s exports to Nigeria totaled $313 million in 2016, which makes Nigeria, Canada’s third largest export destination. Much of these came from wheat, manufacturing equipment, software, aeronautics, seafood (Nova Scotia), cars as well as service-based industries including IT and Financial services infrastructure. In addition, Irving oil, Canada refines a good chunk of crude oil from Nigeria.
From the Nigeria side, most of exports to Canada consist of mineral fuels and oils, cocoa, rubber, agricultural products, lead and processed foods. There are also opportunities for increased export especially in the areas of Agriculture and Agri-business. Products such as Ginger, palm kernel oil, cocoa butter, shea butter etc. are also been imported from West Africa including Nigeria, to Canada.
When asked why there’s limited supply of Canadian products in Nigeria, he noted that Canadian products are in abundance in Nigeria, but probably most of the general public are not aware. Manufacturing equipment, wheat, seafood and aeronautics are large scale imports from Canada to Nigeria. A great chunk of seafood consumed in Nigeria comes from Canada. Organisations such as Africa Canada Trade Investment ventures ( www.activafr.com), are capable intermediaries to contact for information on potential buyers in Canada. As the British, Chinese markets etc are getting more saturated, businesses should consider exploring new markets including Canada especially with their friendly trade rules. Canada also has more than 300 commercial ports and harbours for transport of goods locally and internationally and is also home to the world’s longest inland waterway open to shipping in addition to its sophisticated rail transport system for goods and cargo.
He however disassociate Africa Canada Trade Investment Venture from Greenview World Entertainment Ltd, Greenview Records Llc And Other Related Greenview Companies in Nigeria and USA (Houston, Texas) led by Oyegoke Temilade Judith Oyebola Oluwametomi Adetokunbo or any other alias stating that they do not have any relationship with them nor related companies.
Kenneth Oguzie
He however added that he provides expertise to businesses across regions to develop the the business sector
“As an individual and the Director of African Canada Trade and Investment ventures (ACTIV), a leader in building business bridges between Canada and Africa and connecting businesses, we provide business expertise to businesses across both regions as a result of our extensive and in-depth knowledge and understanding of both markets, including regulations, culture and access to decision Makers within the private sector as well as Government. We also host Trade and business summits such as the upcoming Nova Scotia-Africa Trade and Business summit taking place in Halifax, Canada from the 25th to 26th March 2019. More information and registration are available on the website www.activafr.com under the upcoming events tab. This first of its kind event in Maritime Canada will give African businesses that much desired platform to gain international exposure for their business and build long last relationships with their Canadian counterparts”.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
