Published On: Fri, Nov 23rd, 2012

Nigeria and Pakistan to Partner on Sugar Production, Others

Nigeria and Pakistan have reached an agreement to collaborate in the areas of sugar production, textiles and the financing of Small and Medium Scale Enterprises.

Minister of Trade and Investment, Dr. Olusegun Aganga, stated this Thursday saying the agreement was reached during a meeting he had with his Pakistani counterpart, Munir Qureshi; and the deputy governor of the country’s central bank, Kazi Muktadir.

Aganga told journalists in Islamabad, Islamic Republic of Pakistan, where he is part of the presidential entourage to the at the summit of Eight Developing Nations (D-8) that: “there are four areas we have agreed to work together. One area is the financing of SMEs. They have a system here; they use mobile phones and it has worked well and where they share risk and profit with SMEs of the country. It has been found to be successful in some areas. We are looking at how that can be applied to Nigeria quickly because we have a very big SMEs sector. That is the sector that drives economic growth and job creation.”

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