Hungary Deepens Business Relations with Nigeria, Targets Agriculture, Energy, ICT Other Sectors

Dike Onwuamaeze

Hungary is targeting Nigeria’s agricultural, energy, medical and Information and Computer Technology (ICT) among other sectors as it drives to deepen its economic relations with Nigeria.

Speaking during the Nigerian-Hungarian Business Forum, which took place this week in the premises of the Lagos Chamber of Commerce and Industry (LCCI), the Ambassador of Hungary, Mr. Lorand Endreffy, described the Nigerian-Hungarian Business Forum that brought 12 Hungarian companies to interface with their Nigerian counterparts as a groundbreaking event.

Endreffy said: “I am truly delighted to witness the Nigerian-Hungarian Business Forum, a ground breaking event that, to my knowledge, is unprecedented in scale between our two nations.

“Bringing together 12 Hungarian companies from diverse sectors- agriculture, ICT, energy, medical technology, industrial innovation and waste management- and over 120 Nigerian participants, this forum demonstrates our shared commitment to build long-term and prosperous partnerships.

“The numerous B2B meetings symbolize a new chapter of collaboration between our business communities.”

He pledged that “our embassy will do its utmost to continue providing support to everyone interested in further building business relations between our countries.”

Speaking during the business forum, the Executive Director of Agrofeed, Mr. Akos Mezolaki, said that his companies premix and feed mixes recipes are developed on the basis of most recent research and practical results and international recommendations.

Mezolaki said: “Agrofeed Limited is actively exporting to Nigeria and meanwhile exploring opportunities to expand its presence in the Nigerian market.

“Furthermore, the company is committed to contributing to the development of the region’s animal feed industry through knowledge transfer and collaboration with local experts.”

Speaking in the same vein, the Sales Manager Africa, Babolna Tetra, Mr. Laszlo Lengyel, said that the company is one of the major layer breeders in the world.

Lengyel said that the name of Tetra is known for continuously developing and cutting edge work in genetics.

“Babolna Tetra is seeking partnership. Its aim is to find breeders who are interested in working with easy-to-handle parent stocks in order to supply local egg producers with quality hybrids of brown, white or creamy egg,” Lengyel said.

According to the Technical Representative of LogSol Limited, Mr. Istvan Fejes, the company is noted for its hybrid power sources under MAAG brand, which offers diesel and gas powered generators with capacity of up to 50MW manufactured for individual needs.

Fejes said that the MAAG “hybrid power solution is a unique adaptable and scalable solar-diesel hybrid power station.”

He said that a centralised power supply model is problematic and is not working and argued that decentralised national power supply model is the solution.

Other Hungarian companies that participated in the business forum were Capriovus, producer of pasteurised egg juices; the ABZ Innovation Limited that specialised in the development and production of agricultural and industrial drones and related accessories; the EBLA Export Limited, which is an international trading company that is looking to expand its import and export activity into the African market.

The CEO of TestFlex Limited, Mr. Oladele Fajorin, the company representative of Adaptive Recognition Inc., said that the company “aims to continue negotiation with end users, looking for new opportunities.”