Business Hilights
Tracking Nigeria's Headline Business News Online

FG’s focus on private sector spurred JETRO deal with LCCI— Hirano

The Executive Vice President and Head of Africa, Japan External Trade Organisation (JETRO), Dr. Katsumi Hirano, has revealed why the group sealed a Memorandum of Understanding (MoU), with Lagos Chamber of Commerce and Industry (LCCI).

JETRO is a Japanese government-related body which promotes trade and investment between Japan and other nations.

In an interview, he said the agreement was to promote trade and investments between Nigeria and Japan in line with the Federal Government’s drive to achieve a private-sector driven economy.

Explaining more during the MoU signing ceremony held in Lagos, Hirano noted that the collaboration aims to bring a new economy by facilitating and fostering greater business relationships between the two nations.

He said continuing, JETRO head of Africa affairs averred that “Japanese companies are giving more focus on business in Africa than ever before while also expressing the commitments of Japanese companies to bring in more investments into Nigeria”.

““We notice that Federal Government of Nigeria aims to achieve a private-sector-driven economy under the leadership of President Buhari. The collaboration between JETRO and LCCI is on the same track of what the Nigerian government has been pursuing.

“We at JETRO, promote trade and investment by the Japanese private sector. Likewise, LCCI is a pivotal organisation in the Nigerian private sector, and it is the second oldest chamber of commerce in the African continent.”

In her goodwill message, the President, LCCI, Nike Akande, said the partnership will further enhance trade relations and investments in a bid to add value to the economies of both countries while also strengthening the synergy between the Chamber and JETRO.