President Goodluck Jonathan on
Thursday in Abuja reaffirmed his
administration’s determination to do all
within its powers to facilitate and
encourage the rapid diversification of
Nigeria’s economy.

Speaking at an audience with the
outgoing Ambassador of the Czech
Republic to Nigeria, Mr. Jaroslav Siro,
President Jonathan declared that his
administration was fully committed to
moving the Nigerian economy away from dependence on crude oil exports
by promoting the development of the
country’s non-oil sectors.


The President said that in keeping with
this commitment, the Federal
Government was actively exploring all
avenues of boosting trade and
economic relations with other countries
in areas not related to the oil and gas sector.


President Jonathan commended Mr.
Siro, who has served in Nigeria for over
five years, for his efforts to enhance
bilateral relations between Nigeria and
the Czech Republic, which resulted in
the tripling of the volume of trade between the two countries.


Although the Czech Republic does not
import crude oil from Nigeria, the
annual volume of non-oil trade
between the two countries currently
stands at about $100 Million U.S. Dollars.


Mr. Siro informed told President
Jonathan that a Memorandum of
Understanding aimed at the further
strengthening of trade and economic
cooperation between the Czech
Republic and Nigeria was currently being finalized.

He said that his country’s Minister of
Trade will visit Nigeria soon to sign the
Memorandum of Understanding and
attend a meeting of the Nigeria-Czech
Republic Bi-National Commission.

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