President Muhammadu Buhari on Friday, October 20, in Istanbul urged D-8 leaders to prioritize incentives and measures aimed at increasing trade and investments among member countries.

Speaking at the ninth summit of the D-8, President Buhari said the private sector and business communities in the economic organization must be assisted with incentives to widen economic cooperation among member-states.

He said:

‘‘As the D-8, we need to intensify our activities with a view to enhancing various measures and incentives introduced to promote trade and assist the business communities from Member States to invest in our countries and widen our cooperation.

‘‘We need to work hard to establish integrated manufacturing structures and markets. I will like to reiterate the importance of increasing trade and investment among our Member States.’’

According to a statement, the president reiterated Nigeria’s commitment to international trade and development even as he affirmed the country’s readiness to host the meeting of D8 ministers of industry from November 14 to 17 in Abuja.

Highlighting the attractive business and investment opportunities in the country, Buhari stressed the need for prospective investors to take advantage of the Federal Government’s new policies on trade facilitation.

He said:
''Nigeria is committed to, and is actively pursuing a policy of trade and investment facilitation for growth. The gains from trade are reflected in greater competitiveness, improved productivity, job creation, consumer welfare and prosperity.

‘‘Economies that grow fastest and at more sustainable rates are those that actively promote trade and attract investment. We are committed to creating an enabling environment and making Nigeria an attractive place for business and investment.''

The president also urged D-8 member countries to support the efforts of the African Union (AU) to establish the first ever single market for trade in goods and services on the continent. He described the AU-backed Continental Free Trade Area for Africa as a ''win-win for all, including member countries of the D-8.''

He added: ‘‘I am pleased to inform you of positive market developments currently in Africa, that will support our efforts as Members of the D-8 to enlarge our markets, facilitate our trade and investments, and develop our economies.

‘‘In Africa, we are on the threshold of finalizing negotiations to establish the first ever Single Market for Trade in Goods and Services on our Continent, in the Continental Free Trade Area for Africa. This will be a win-win for all, including member countries of the D-8.

‘‘As partners, I urge that we work together to support this effort of the African Union that will have a positive effect on global economic development and integration.''

He assured D-8 leaders that Nigeria would continue to support the Secretariat in its assignments to achieve the visions and objectives of the organization.

babaolowo1000:
Everybody who comments on this post will never succeed in life

babaolowo1000:
Everybody who comments on this post will never succeed in life (except me)

julioralph:


See the kind countries Naija dey follow up and down..

Ok o

brainpulse:
Payment of pensions to Civil War (Biafra) Officers & Next-Of-Kins commenced on Friday 20/10/17.

brainpulse:


They are called developing nations. Google and see the development and GDP of Malaysia, Turkey and Pakistan your biafra brothers are running to, to sell drugs.

You guys are just illiterates and you are not ashamed to always show it

julioralph:


See the kind countries Naija dey follow up and down..

Ok o

Naziridamos:


U can't buy igbos this time
It is referendum or nothing .

julioralph:

So anyone that opposes Buhari's deeds/actions is now a pro-Biafran advocate You sir, happens to be the only illiterate on this thread

Nigeria claims to be a secular state right As you can see, those countries are mostly hardline islamic lands!!! That, mister man, is the ish here

IkpuMmadu:
Is there any decoding software

julioralph:


See the kind countries Naija dey follow up and down..

Ok o

Dharniel:

starting from you and ending on you... Omo buruku jatijati