Bilateral trade volume between Nigeria and Pakistan has increased from $80million in 2012 to $500million in 2015, even as the all Pakistan Business Forum has set up a pool of funds worth $250 million for investments in Nigeria.

Honorary Consul-General of Pakistan in Nigeria and President, Pharmaceutical Society of Nigeria (PSN), Ahmed I Yakasai, on the occasion of 70th Independence Day Anniversary of Pakistan celebrated in, Lagos, said: “…The visit of the President of Pakistan, His Excellency, Mamnoon Hussain in 2014 was the climaxed as the Nigeria- Pakistan Joint Commission was resuscitated and began discussion on improving trade and economic relations.

“However, the bilateral trade volume moved from $80million in 2012 to $500million in 2015. And I know with the huge unexplored potentials in agriculture, solid minerals, textile, pharmaceuticals, education, which can yield high returns, the trade volume can move to $1billion by 2018.

“I am happy to inform you that All Pakistan Business Forum has set up a pool of funds-$250million for investments in Nigeria. Five countries were selected for foreign investments with each country to grab $250million and Nigeria is considered as one of the countries.

“Nigeria and Pakistan have large market size with strong manufacturing capacity. Let us leverage on our strengths and work together for the benefit of our countries. We need to go all out for strategic partnerships, be it joint venture, outsourcing in Information Technology (IT) and contract manufacturing, Research & Development (R & D) and indeed students exchange programmes.

Read More: http://www.naijapopular.com/2016/08/pakistan-to-invest-250-million-in.html

Ok ..."................as set up a pool of funds worth $250 million for investments in Nigeria."

We know after pooling, you de-pool within six months and allow local banks finance your equity. Useless investors.

Keneking:
Ok ..."................as set up a pool of funds worth $250 million for investments in Nigeria."

We know after pooling, you de-pool within six months and allow local banks finance your equity. Useless investors.

Easy Man... We need any investment right now

SamuelAnyawu:

Easy Man... We need any investment right now

Most of these investors are not genuine

the way these Indians and Pakistani count their years is interestingly confusing!

Both gained independence in 1947 after being partitioned along religious plane. Celebrating 70th independence anniversary in 2016.

Keneking:


Most of these investors are not genuine

Foreign Direct Investment is the biggest lie of the 21st century. We cannot depend on FDI for growth, FDI doesn't work. We need to build up our local businessmen, they are the investment this country requires.


With FDI when there's little volatility in the markets, they all pull their cash out and flee. With Nigerians, you know they would always remain in the country, where do they want to run to.