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Uganda focuses on promoting regional trade

Wednesday, 23rd December 2015
Left to Right: Mr. Nurh Byarufu, Mr. Nelson Ocheger, Chief Dr. Mrs. Nike Akande and Mr. Muda Yusuf after the Meeting at the offices of the Chamber in Lagos. [Courtesy Photo]
The Government and the people of Uganda are committed to promoting regional trade in order to accelerate the process of economic transformation in Uganda and fast track African integration.

This was stated by Mr. Nelson Ocheger, the Charge D'Affaires of the Uganda High Commission in the Federal Republic of Nigeria while meeting the President of the Lagos Chamber of Commerce and Industry, Chief Dr. Mrs. Nike Akande on December 8th, 2015 in Lagos, Nigeria.

Mr. Ocheger told his host that Uganda has over the last twenty five years, registered unprecedented economic growth on account of political stability and sound economic management. Consequently, he added, high quality goods and services are now produced which Uganda can export to the Lagos State market.

He also informed his host that Uganda has been at the forefront of the formation of the East African Community. With an estimated population of 340 million people that would increase tremendously when the Republic of South Sudan joins the Community, Mr. Ocheger asserted that East Africa would provide sufficient market for products from the Lagos State in particular and Nigeria generally.

Mr. Ocheger called for closer collaboration between the Uganda National Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry in order to improve the trade ties between Uganda and the Lagos State Government. He appealed to the trade and business community in Lagos to plan to attend the October 2016 Trade Fair in Uganda so that they can see for themselves goods and services that would benefit people of the Lagos State.

In her response, Chief Dr. Mrs. Nike Akande revealed that Mr. Ocheger was the first foreign envoy she was meeting following her recent election as the President of the 127 years-old Lagos Chamber of Commerce and Industry. She pointed out that the Lagos State is the business hub of West Africa and therefore trading with Uganda and East Africa would definitely benefit all the parties.

Chief Dr. Mrs. Nike Akande informed her guest that the Lagos 2015 International Trade Fair had been a success and extended invitation to the Ugandan companies to take part at the next exhibition scheduled for November 2016.

The meeting was attended by Mr. Muda Yusuf, the Director General of the Lagos Chamber of Commerce and Industry and Mr. Nurh Byarufu, the Counsellor at the Uganda High Commission in the Federal Republic of Nigeria.

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