The Federal Government has signed a memorandum of understanding (MoU) with the Arab Chamber of Commerce to ramp up trade and advance the upcoming Expo 2020 Dubai.
The expo, originally scheduled to run between October 20, 2020 and April 10, 2021, has been rescheduled to hold October 1, 2021 to March 31, 2022 due to the disruptions of COVID-19 pandemic across the world.
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This was disclosed in a statement released by the Director of Press and Public Relations department of the Ministry of Industry, Trade and Investment, Ibrahim Haruna yesterday.
The statement indicated that the Minister of Industry, Trade and Investment, Niyi Adebayo, said that the MoU will be beneficial to the two countries.
The Minister, who was represented by the Director of Legal, Danjuma Alhassan, said the agreement would strengthen business relationships and promote enhanced trade relations between Nigeria and Gulf countries.
“To boost business opportunities and funding of the upcoming Expo 2020 Dubai, the agreement would formalise a collaborative business relationship between the ministry and Nigerian Arabian Gulf Chamber of Commerce,” Adebayo said.
The Minister said the cultural and socio-economic forum between Nigeria and all the Gulf Cooperation Council Countries (GCCC) was aimed at the promotion and facilitation of the economic relationship between Nigeria and Arabian Gulf Countries especially in the area of trade information and financial and technical support.