The Rwanda High Commission in Nigeria has announced the signing of a Memorandum of Understanding between the Lagos Chamber of Commerce and Industry and Rwanda’s Private Sector Federation.
The agreement, signed at the 2024 Lagos International Trade Fair, aims to deepen economic ties and create new opportunities for businesses in both countries.
This was contained in a statement signed by the Head of Communication, Rwanda Embassy in Nigeria, Maureen Chukwura, on Thursday.
The signing was attended by key representatives from each organisation; the President of the LCCI, Gabriel Idahosa, and the Deputy CEO of PSF Rwanda, Kanamugire Callixte.
The partnership will focus on various areas of cooperation, including trade facilitation, investment promotion, capacity building, and joint events organisation.
Rwandan High Commissioner to Nigeria, Amb. Christophe Bazivamo noted the shared vision of fostering a vibrant, interconnected African business landscape and affirmed Rwanda’s commitment to providing a conducive environment for business growth.
“This MOU is a testament to our shared vision—a vision of a vibrant and interconnected African business landscape where Rwanda and Nigeria stand as beacons of economic collaboration and mutual growth.
“The Rwandan government is fully committed to supporting this endeavour. We have implemented policies to streamline business procedures, enhance infrastructure, and promote a conducive investment climate, ” he said.
The MoU outlines specific steps to enhance collaboration in key sectors such as agriculture, particularly in Rwandan coffee and tea production, as well as energy, manufacturing, technology, and creative industries.
The two parties plan to organise trade missions and business-to-business meetings and participate in each other’s trade fairs.
These activities are set to begin in early 2025, with preliminary virtual meetings and visits planned.
Under the agreement, the LCCI and PSF Rwanda will work to streamline trade procedures, promote cross-border investment, share relevant market information, and build business capacities through joint workshops and training programs.
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The partnership is expected to open new markets, create job opportunities, and strengthen business networks in both countries.
