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‘Exports, tech, others to strengthen UK-Nigeria ties post-COVID-19’

Exports, tech, others to strengthen UK-Nigeria ties post-COVID-19

In this post we will discuss briefly on how ‘Exports, tech, others to strengthen UK-Nigeria ties post-COVID-19’and all you ned to know about it.

Experts have predicted that export action of value added products and technology development are will strengthen the ties between Nigeria and the United Kingdom post-COVID-19.

They spoke at a webinar on ‘Nigerian-British Bilateral Relationship Post COVID-19’ hosted by the Nigerian British Chamber of Commerce.

They emphasised the need for the Nigerian government to create a conducive for investment and identified agriculture and mineral resources as other potential industries that would boost Nigeria’s economic growth.

The Vice President, NBCC, Mr Bimbo Olashore, emphasised the need for the government to hamonise exchange rates, focus on infrastructural development, provide a more conducive business environment and intensify diversification of the economy in order to attract investment post-COVID-19.

He said, “COVID-19 is giving us an opportunity for us to do things we have always talked about in the past. We have infrastructure and certain business challenges and a number of those things are now being addressed.

“There are some investments that are going on that will make the business environment more conducive.  The cost of governance is an area we need the government to work on. But there is still a lot to do.”

According to him, Nigeria businesses can benefit more from the British government by developing value added products for export.

He said, “The first thing is to look at the value chain of some of the things that we do. It is quite key to improve the quality of export products. We see a lot of opportunities for Nigeria in cocoa, rubber, sesame seeds and ginger exports.

“We also need to develop our solid minerals. If we improve on our infrastructure, the manufacturing base can grow.”

The British Deputy High Commissioner for Nigeria, Harriet Thompson, said the UK government was rendering business support services to the technology sector, especially digital health services during the COVID-19 pandemic.

Experts have predicted that export action of value added products and technology development are will strengthen the ties between Nigeria and the United Kingdom post-COVID-19.

They spoke at a webinar on ‘Nigerian-British Bilateral Relationship Post COVID-19’ hosted by the Nigerian British Chamber of Commerce.

They emphasised the need for the Nigerian government to create a conducive for investment and identified agriculture and mineral resources as other potential industries that would boost Nigeria’s economic growth.

The Vice President, NBCC, Mr Bimbo Olashore, emphasised the need for the government to hamonise exchange rates, focus on infrastructural development, provide a more conducive business environment and intensify diversification of the economy in order to attract investment post-COVID-19.

He said, “COVID-19 is giving us an opportunity for us to do things we have always talked about in the past. We have infrastructure and certain business challenges and a number of those things are now being addressed.

“There are some investments that are going on that will make the business environment more conducive.  The cost of governance is an area we need the government to work on. But there is still a lot to do.”

According to him, Nigeria businesses can benefit more from the British government by developing value added products for export.

He said, “The first thing is to look at the value chain of some of the things that we do. It is quite key to improve the quality of export products. We see a lot of opportunities for Nigeria in cocoa, rubber, sesame seeds and ginger exports.

“We also need to develop our solid minerals. If we improve on our infrastructure, the manufacturing base can grow.”

The British Deputy High Commissioner for Nigeria, Harriet Thompson, said the UK government was rendering business support services to the technology sector, especially digital health services during the COVID-19 pandemic.

According to Thompson, the use of technology in agriculture will benefit the country and help to mitigate the impact of the pandemic.

“Agriculture is an area of interest for the British government to ensure food security and economic development of Nigeria,” she added.

She emphasised the importance of developing the logistics for farm products and avoid disruptions to movement of goods within the country.

The Senior Vice-Chairman, Africa, Standard Chartered Bank, Bola Adesola, who facilitated the discussion noted that COVID-19 had disrupted the global economy and the world trade as there had been a decline in production and consumption.

She said that the implication of the decline in global trade was that the pandemic would undermine countries efforts to foster trade and investment and jeopardise economic growth and development plans.

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25 Comments

  1. Reply

    this is a nice post

  2. Reply

    Great piece

  3. Reply

    Lovely Piece

  4. Reply

    That’s good

  5. Reply

    Thanks for the information

  6. Reply

    Nice to know

  7. Reply

    Good to know

  8. Profile photo ofChukwucee

    Reply

    We pray that this pandemic passes away

  9. Reply

    Nice to know

  10. Reply

    Do we have a government who can make that happen?

  11. Reply

    Great article

  12. Reply

    I fear this Nigerian Government.

  13. Reply

    Wow

  14. Profile photo ofSommycruz

    Reply

    It’s really Not encouraging

  15. Reply

    I just hope our government do this really

  16. Reply

    Okay

  17. Profile photo ofKreator

    Reply

    Nice Piece

  18. Reply

    Good article

  19. Reply

    wonderful work

  20. Reply

    Nice info

  21. Reply

    No matter how things t in this pandemic period we should all try and build something in the nation

  22. Reply

    Good

  23. Reply

    Nice update

  24. Reply

    Good

  25. Reply

    Nice
    Thanks for sharing this article

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