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Economic Mission to Nigeria 2014
February 24, 2014 @ 8:00 am - February 27, 2014 @ 5:00 pm
About the Mission
The Deputy High Commission of Canada in Lagos and the Canadian Council on Africa are proud to announce the organization of a mission to Nigeria, to take place during the 2013 Nigerian Oil and Gas Exhibition in Abuja, Nigeria from February 24-27, 2014.
In addition to exhibiting in the show, delegates can use this opportunity to explore other sectors of interest to them. We are particularly hopeful to encourage companies in the vocational or specialized training, environmental services or remediation industry (soil and water) and the infrastructure sector to join us.
Nigeria is Canada’s largest economic partner in sub-Saharan Africa and both countries enjoy a pattern of ongoing bilateral trade relationship worth more than $3billion in 2011. Nigeria presents new opportunities for Canadian businesses to invest in a wide range of key sectors such as telecommunications, transportation, infrastructure, manufacturing, aeronautics, engineering, oil and Gas, Education, ICT, health, Agriculture, Solid Minerals, Security and Tourism.
This mission is a great opportunity to shine and promote your enterprise or institution as well as expertise at one of the largest energy gatherings in Africa! At this venue, you will get to better understand the business culture of this country and to meet potential business partners from both Nigeria and more than 29 countries, including other African countries and beyond.
This mission is for everyone who has an interest in exploring the truth about doing business in the second fastest growing African country (see note below) and making the initial contacts to further their commercial strategy and plans. Business development reps, consultants, investors and vocational or specialized educators are all encouraged to join us.
During this mission, we will be in Abuja with the potential to travel to Lagos, the commercial metropolis, if there is interest by some participants. Depending on the specific interests of the delegates, we will organize meetings with appropriate agencies as well as set up networking opportunities in Abuja or Lagos.
Nigeria, a country of the size of British Columbia, is the most populous country of Sub-Sahara Africa and Canada’s most important trading partner in Sub-Sahara Africa distancing Angola and South Africa. It is making progress with economic reforms that are delivering strong economic fundamentals. The government has maintained prudent macroeconomic policies, strengthened financial institutions and, albeit slowly and unevenly, is undertaking reforms to transform the economy structurally. The reform effort, aided by revenue from high oil prices, has led to significantly improved macroeconomic outcomes, including weaker inflation and strong GDP growth. Real GDP growth rose from 7.0% in 2009 to an estimated 8.1% in 2010. The robust growth in 2010, in the aftermath of the global financial and economic crisis, underscored the resilience of the Nigerian economy and to some extent, the prudence of its economic policies. Medium-term prospects are also bright, with real GDP growth projected to remain strong and stable at 6.9% in 2011 and 6.7% in 2012.