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Latvian Govt pledges partnership with the Nigerian Govt.

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The Latvian Secretary of State, Mr. AdrisTeikmanis has described the Nigerian investment climate as very friendly, noting that the economy has experience a tremendous transformation by the Present administration of Goodluck Jonathan, showing a great potential to improve in human and natural resources.

Mr. AdrisTeikmanis who led a Latvian Trade Mission to Nigeria made this disclosure while on courtesy call to the Nigerian Investment Promotion Commission (NIPC) in Abuja.

He maintained that “Nigeria is a large country, a major Oil producing country and an economic leader in the African region”, stressing that the main aim of their mission was to increase economic activities between the two nations and broker linkages between Latvian companies and their Nigerian counterparts.

Mr AdrisTeikmanis who was visiting Nigeria for the first time called for a synergy between the two countries in order to strengthen their economic and bilateral trade relations and enhance the accelerated participation of Latvian Companies in the economy for the mutual benefit of both nations.

He disclosed that the trade volume between Latvia and the Africa region constitute less than 2% of Latvian trade activities; hence they are seeking  greater economic participation and collaboration from the African region.

The Latvia Foreign Affairs Minister who was in the company of the Secretary of State disclosed that his country has comparative advantage in Banking, Forestry, Human Capital Development and Information Communication Technology (ICT), adding that nations in the region like Russia, Ukraine and outside to Central America and Central Asian regions are major export markets of their products.

He expressed the desire of his country to work closely with the Nigerian Government in order to attract more investment to both economies, thus, leading to an unimaginable increase in their trade volumes.

Earlier, the Executive Secretary, Nigerian Investment Promotion Commission,  (NIPC) Engr. Mustafa Bello briefed the delegation of the various reform Programmes initiated by the Federal Government to turn the economy of the country around including the on-going Transformation Agenda of the present Government, stressing that these reforms has position the country as an investment destination in Africa.

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