The President of Leadership and Governance Canada, Mr. Sam Adewale has explained the reason behind its organisation commitment towards facilitating business bilateral between Canada and Nigeria, saying that the task of economic diversification and development should not be left to the government alone.

Speaking during the 2022 edition of Canada – Nigeria Business and Investment Summit hosted by Leadership and Governance Canada, Sam said the outbreak of COVID-19 pandemic decelerated global trade, investment and economic activities across different countries of the world.

He added that, besides the COVID-19 pandemic, the ongoing war between Ukraine and Russia worsened the already weakening global economic activities.

“The importance of investment and business promotion in ensuring economic stabilisation and consolidation cannot be overemphasised. A Summit such as this, provides a veritable platform for investment facilitation for prospective Canadian and Nigerian Investors, Business Men and Women in order to optimise the prospects and opportunities between the two countries.

“The task of economic diversification and economic development should not be left to the government alone. It is our collective responsibility to complement the policies and activities of the government in ensuring global economic stability and prosperity.

He hinted that it’s of public knowledge that Nigeria has the largest economy in Africa with over 220 million people and $500 billion GDP makes it a preferred investment destination. “The federal government of Nigeria is making efforts to create an enabling environment with initiatives like ‘ease of doing business’ among others.

“The federal government of Nigeria’s Economic Stabilisation Plan and Nigeria Economic Diplomacy Initiative are all designed at ensuring enhanced service delivery, trade and investment facilitation and economic development.”

“Our organisation will continue to drive engagement and investment in eight critical sectors of the economy. These are Agriculture/Agro-Allied value chain, food and cash-crop processing, preservation, and packaging; Solid Minerals/Extractive Innovation extractive and modern technology; Health Care primary healthcare, ambulance, medical laboratories, trauma centres, and nursing homes.

Power & Alternative Energy solar, wind, turbine, and geothermal energy; Infrastructure Real Estate, Road Development, & Transportation; Technology & ICT phones, computers, software, and digital economy; Oil & Gas sludge management and environmental cleaning; and Aviation infrastructure and security,” Adewale said.

Original post by Vanguard Oct 28,2022

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