Nigeria, Bulgaria Seek Improved Business Relations

James Emejo in Abuja
The federal government and Bulgaria have renewed their commitments to bolster existing trade and investment ties.

The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, said Nigeria is seeking to harness the diverse opportunities in the areas of trade, industry and investment to create jobs and boost economic recovery.

The minister, at the unveiling of the Nigeria-Bulgaria Business Exchange Platform, said globally, investment remained a critical tool for poverty reduction and sustainable development.

The minister said the ministry would avail Bulgaria the opportunity to invest in priority sectors of the economy.
Ambassador of Bulgaria to Nigeria, Yanko Yordanov, described the bilateral trade agreement as the “most ambitious bilateral trade and investment project” between both countries.

He said the renewed business relations will be anchored around ambition, sustainability and growth.
He stressed the need to also bridge existing gaps that in data, information and in contacts between business cycles from Bulgaria and Nigeria.

According to him, trade remains is a key word in post pandemic recovery era.
He said, “I firmly believe that the excellence economic data that have been presented by the Nigerian government are the foundation on which we can really build further out bilateral corporation.

“We know Nigeria has the highest number of youth population in Africa. So it’s a very important asset, we firmly believe that the Bulgarian youth and young business men are looking at the opportunity that are thriving in Nigeria especially to cooperate with young educated Nigerians who are really good professionals.”

The Executive Director, Center For Entrepreneurial Exchange Development (CEED) Africa, Mr. Uchechukwu Chukwuma, said the programme is intended to create a more beneficial and mutual business relationship between Nigeria and Bulgaria with the aim of building a strong Joint Venture Partnership (JVP) to attract the desired foreign investments to both countries.