WorldStage Newsonline– The Private Sector Federation of Rwanda (PSF) has signed a Memorandum of Understanding (MoU) with the Lagos Chamber of Commerce and Industry (LCCI) to strengthen trade and investment between the two countries.
A statement by Maureen Chukwura, the Communications Officer of the Rwandan High Commission in Nigeria said that the agreement between the two institutions will focus on trade facilitation, investment promotion, information sharing, capacity building, and joint event organisation.
The Private Sector Federation of Rwanda was established in 1999 to promote and represent the interests of the Rwandan business community.
It was also set up to replace the former Rwanda Chamber of Commerce and Industry.
The statement further indicated that the partnership between LCCI and PSF will create new vistas for businesses in both countries.
The Rwandan high commission said the MoU was signed by Mr Gabriel Idahosa and Mr Kanamugire Callixte, President of the LCCI and Deputy CEO of PSF Rwanda respectively on Nov. 6 at the 2024 Lagos International Trade Fair.
The statement quoted the Rwandan High Commissioner to Nigeria, Amb. Christophe Bazivamo, as saying during the agreement-signing ceremony that the “MoU is a testament to our shared vision.
“A vision of a vibrant and interconnected African business landscape where Rwanda and Nigeria represent 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 create a conducive investment climate,” Bazivamo stated.
The statement said Idahosa, the LCCI president, reiterated the Nigerian government’s readiness to work closely with Rwanda to enhance business relationships, explore investment opportunities, and ensure global best practices in business between the two nations.
He said the two countries would collaborate in the agriculture sector particularly Rwandan coffee and tea production, energy, manufacturing, technology, and creative industries.
Idahosa expressed optimism that the partnership would enhance trade flows, investment growth, business competitiveness, and stronger business networks between Rwanda and Nigeria.
