ADVERTISEMENT

Nigeria and the Netherlands have expressed eagerness in doing business together

Nigeria and the Netherlands have expressed eagerness in doing business together
  • The Federal Government of Nigeria is committed to unifying the investment agreement with the Kingdom of the Netherlands.
  • Dr. Ngige expressed confidence that the collaboration between the two countries will be advantageous for their respective economies.
  • Robert Dool, the Chief Negotiator on the Investment Promotion of the Kingdom of the Netherlands, highlighted the need to adapt the 1992 bilateral agreement to the contemporary global environment. 

The Federal Government of Nigeria has reaffirmed its dedication to unifying the investment agreement with the Kingdom of the Netherlands in order to the two nations' mutual advantage.

ADVERTISEMENT

This statement was delivered by Dr. Evelyn Ngige, the nation's Permanent Secretary of the Ministry of Industry, Trade, and Investment, at a roundtable discussion on the agreement between Nigeria and the Kingdom of the Netherlands on investment promotion and protection in Abuja, Nigeria, as seen in Nigeria’s business news platform Nairametrics.

Ngige stressed that taking this action will boost investor confidence in sustained economic development as well as economic activity.

She expressed confidence that the cooperation between the two nations will benefit both of their economies. Ngige emphasized that the meeting's goal was to debate the draft models while considering the two nations' respective policy trajectories. She emphasized the necessity of overseeing the agreement's execution in addition to its signature.

ADVERTISEMENT

The meeting's goal, according to Robert Dool, the Chief Negotiator on the Investment Promotion of the Kingdom of the Netherlands, was to make it easier for the two nations to have business partnerships.

He underlined his nation's gratitude for its work with the Nigerian government, which he saw as a cornerstone of integration, economic cooperation, and socioeconomic progress.

Dool said the 1992 bilateral agreement was being reevaluated and updated to suit the contemporary global environment and advance international socio-economic development.

“This explains why the Netherlands has taken the initiative to look at their investment promotion in Nigeria to see how they can make this agreement more reflective in the world we live in today,” the chief negotiator said.

“This has induced a critical review of the bilateral agreement and in a modernized way, acts in promotion and protection of international and social economic development,” he added.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulse.ug

Recommended Articles

Electricity Regulatory Authority keeps power rates unchanged for Q4

Electricity Regulatory Authority keeps power rates unchanged for Q4

An annual loss of $5 billion in Africa’s food market has been attributed to an insect

An annual loss of $5 billion in Africa’s food market has been attributed to an insect

Uganda receives first-ever dollar pool saving scheme

Uganda receives first-ever dollar pool saving scheme

Monetary Policy Committee unmoved by inflation drop in September

Monetary Policy Committee unmoved by inflation drop in September

Uganda’s president fights against a credit tradition instigating increased suicides in the country

Uganda’s president fights against a credit tradition instigating increased suicides in the country

Banking industry sets out to reward green financing: How to participate

Banking industry sets out to reward green financing: How to participate

Buganda Kingdom to take a 2 million stake in Airtel Uganda

Buganda Kingdom to take a 2 million stake in Airtel Uganda

Next Com: Celebrating Uganda and inspiring hope through Let's TakeOff 23

Next Com: Celebrating Uganda and inspiring hope through Let's TakeOff 23

Top 10 African countries with the highest crime rates

Top 10 African countries with the highest crime rates

ADVERTISEMENT