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Obasanjo advocates coastal trade to check economic recession

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Former Governor of Ebonyi State, Sam Ugwu (right); Minister of State, Ministry of Industry and Trade, Mrs. Aisha Abubakar; former President Olusegun Obasanjo; Minister of Trade and Industry, Dr. Okechukwu Enelamah; Chairman, House Committee on Industry and Commerce, Senator Joel Danlami Ikenya and others at a courtesy visit to Obasanjo during the eighth National Council on Industry, Trade and Investment Seminar (NCITI) meeting at June 12 Cultural Centre Kuto, Abeokuta. PHOTO: TUNDE AREMU

Former Governor of Ebonyi State, Sam Ugwu (right); Minister of State, Ministry of Industry and Trade, Mrs. Aisha Abubakar; former President Olusegun Obasanjo; Minister of Trade and Industry, Dr. Okechukwu Enelamah; Chairman, House Committee on Industry and Commerce, Senator Joel Danlami Ikenya and others at a courtesy visit to Obasanjo during the eighth National Council on Industry, Trade and Investment Seminar (NCITI) meeting at June 12 Cultural Centre Kuto, Abeokuta. PHOTO: TUNDE AREMU

Former President Olusegun Obasanjo yesterday urged the Federal Government to establish a viable coastal trade links with other Africa countries as a remedy to the economy recession.

Obasanjo, who spoke when members of the National Council of Trade, Investment and Industry (NCTII) visited him at his Abeokuta Hilltop residence in Ogun State, said he was confident that “vigorous trade between Nigeria and the rest of the world particularly African nations would improve the nation’s economy.”

The delegation included the Minister of Trade and Investment, Okechukwu Enelamah, Minister of State for Trade and Investment, Aisha Abubakar, Senator Sam Egwu and the Secretary to the Ogun State Government (SSG), Mr. Taiwo Adeoluwa.

NCTII has scheduled its eighth national council meeting for Abeokuta, the state capital.

Vice-President, Prof. Yemi Osinbajo is the NCTII chairman.

Speaking on the urgent need for Nigeria to improve its trade relationship with other African countries, Obasanjo lamented that the volume of trade among other nations on the continent was poor, stressing that the time had come for the nation to explore the items she could market to other nations.

Obasanjo cited Germany and France, Europe and America, Britain and France as examples of countries producing similar items yet engage in viable trade among themselves.

His words: “We need increase our intra and inter-trade. See countries like Angola, items like noodles are highly needed there for children but no means of conveying it there?

“Airlifting things like this is not an option because of the cost. So, let the council at its meeting in Ogun become a channel to bring out what we can do to make it easy for us to trade with the rest of Africa.”



3 Comments
  • infinity2020

    When i look at faces of the people in the pictures i see crooks , fraudsters dead woods leaders who has nothing to offer in terms of progress for Nigeria. I keep on seeing recycled craggy selfish people. Which way Nigeria?.

  • Arabakpura

    I want to see former President Jonathan also taking this type of photograph!

  • Father Jay

    Why do these people always visit Obasanjo..?Have they forgotten his past? What of the third term saga.Massive corruption and electoral fraud of 2007?Our memories are short.We make him look indispensable.