FEDERAL MINISTER FOR INDUSTRIES & PRODUCTION DISCUSSES POTENTIAL OF COOPERATION...
Islamabad: May 29, 2015
FEDERAL MINISTER FOR INDUSTRIES & PRODUCTION DISCUSSES POTENTIAL OF COOPERATION WITH HIGH COMMISSIONER OF NIGERIA H.E. MR. DAUDA DANLADI
Federal Minister for Industries & Production Ghulam Murtaza Khan Jatoi met with High Commissioner of Nigeria H.E. Mr. Dauda Danladi. Mr. Danladi highlighted many potential sectors where Pakistan and Nigeria could assist each other, including agriculture, textile, machinery, vehicles and technological development. He said that Nigeria and Pakistan have a long friendship and trading volume has improved from $80 to $500 million with continual increase. The High Commissioner told the Minister about his visit to multiple Pakistani cities and the immense potential he sees to develop Pakistan and Nigeria together.
Extending support for Mr. Danladi’s cause, the Minister discussed the potential agreement between Pakistan and Nigeria which includes industrial policy data and information sharing, and establishment of industrial infrastructure in Nigeria, such as industrial zones and business parks. The agreement also details cooperation between Small and Medium Enterprises (SMEs) through joint ventures and technology transfers.
The Minister explained how there is great export potential for Pakistan in agricultural machinery, fertilizers, pesticides, vehicles (tractors, trailers and motor vehicle parts), pharmaceutical products, textile products, cereals (rice and wheat), legumes, sports goods and toys, plastic articles, and leather articles. He also assured that he will coordinate with the Ministry of Commerce and the Ministry of Textile to make all these potential partnerships possible, and create working groups of the Small and Medium Enterprises Development Authorities (SMEDAs) of both countries.
Both parties, while talking about opportunities for Pakistan in Nigeria, emphasized the need for enhanced cooperation in textile ginning, weaving and garments. In light of Nigeria being Africa’s largest oil producer, they also spoke on oil and gas sector ventures such as establishing oil refineries and import of petroleum, oil and lubricants to Pakistan at subsidized rates. The High Commissioner also stressed the need for technological development in the agricultural sector, such as establishment of tractor assembly plants in Nigeria to reduce reliance on imports of 10,000 tractors per year.