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    Nigeria invites Sri Lankan investors, wants to boost bilateral trade

    August 30, 2015

    Despite doing business with Sri Lanka for a long time, the bilateral trade between Nigeria and Sri Lanka has not been improved and the country was not represented very well in Sri Lanka, Nigeria's High Commissioner in Sri Lanka, S. U. Ahmed said.

    Speaking at a session on "Bilateral Trade between Sri Lanka and Nigeria", organized by the National Chamber of Commerce Sri Lanka, the High Commissioner said the two way trade is mostly confined to tea and garment sectors.

     

    He said Nigeria is planning to establish a joint trade mission in Sri Lanka to strengthen bilateral trade and investment promotion between two countries.

     

    Ahmed said Nigeria is open for Sri Lankan investments and invited eligible Sri Lankan investors to invest in his country's oil and gas sector, especially in petroleum exploration and petrochemical production.

     

    The other areas open for investments are banking and finance, gold processing, telecommunication, gems industry, mining of industrial minerals, air transport, tourism, and manufacturing sectors in Nigeria.

     

    The High Commissioner also invited Sri Lankan investors to invest in power generation, transmission and distribution sectors, as there is a high demand for power for household usage and industrial sector in Nigeria.

    Last modified on Saturday, 29 August 2015 10:21

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