LCFE Seeks Partnership with Czech Republic for Trade, Agriculture

Kayode Tokede

In its pursuit to play pivotal role in the global commodities market, Lagos Commodities and Futures Exchange (LCFE) is seeking partnership with Czech Republic in the areas of exchange programme, agriculture and trade amongst others for enhanced relationship with the European Union (EU).

Addressing a delegate led by Czech’s Ambassador to Nigeria, Zdenek krejci on a courtesy visit to LCFE, the Exchange’s Managing Director, Mr Akin Akeredolu -Ale explained that Nigeria and Czech Republic reinforced their relationship with technology transfer last year. According to him, the partnership between the Czech Republic and Nigeria has N9 Billion Naira direct support for twenty-five (25) Nigeria registered companies to start off in the country under the Delta-2 Programme.

Akeredolu-Ale stated that LCFE was willing to partner with the Czech Republic for mutual benefits of both parties, saying, “The Nigerian ecosystem is rich is solid mineral resources and agricultural commodities. Likewise, the Czech Republic trades Machinery and Transport Equipment, Electronic Equipment, Chemicals,​Fuels, Iron and Steel, Oil and Mineral Fuels, Wood, Aluminium, wool, wheat,Rapeseed, Maize and many more.

“A new world order is coming. Nigeria has 44 solid mineral resources. This presents various opportunities for collaboration and partnerships. Together, we can build economic bridges, forge partnerships, and pave the way for a future where commodities and futures trading continue to play a pivotal role in shaping the global economic landscape.”

Zdenek Krecji expressed willingness for such collaboration. He noted that Czech Republic had a lot of opportunities for companies to grow. The Ambassador said, “We are strong in traditional mercenaries. We develop sophisticated softwares and produce worldclass equipments for companies. We need reliable partners. If a company comes from Nigeria, we are here to expand opportunities in a way that the company shall benefit from European Union (EU).”

In his welcome address, LCFE’s Chairman, Onyenwechukwu Ezeagu explained that relationship between LCFE and Czech Republic would enrich the cultural ties of both countries.

“As we look forward to strengthening the ties between the Czech Republic and our great nation, Nigeria, Lagos Commodities and Futures Exchange Limited wishes to be one of the channels through which this can be achieved. We at LCFE are excited to explore avenues of collaboration that will not only enhance trade but also enrich the cultural fabric of our nations. “Ezeagu said.