"> Tanzania To Hold Investment Forum In Nigeria - Sahel Standard
May 11, 2021
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Tanzania To Hold Investment Forum In Nigeria

The Tanzanian High Commissioner to Nigeria, Dr Benson Bana, says the country is set to host Tanzania-Nigeria Tourism, Investment and Trade (TN-TIT) forum, to deepen trade between both countries.

Bana, says the forum is scheduled to hold on May 4, in Abuja and May 6, in Lagos State.

He disclosed this while briefing newsmen in Abuja on Friday.

The High Commissioner said that ”the forum, centered on economic diplomacy, aimed at promoting Tanzania-Nigeria bilateral relations dated back to the early 1960s.”

Economic cooperation
According to him, it will enhance economic cooperation between the two sister countries in areas of tourism, investment, trade and development financing.

Bana said: “TN-TIT is specifically intended to increase the number of tourists from Nigeria to Tanzania from the annual average of around 6,000 to about 12,000 by December 2022.

“To increase the number of major Nigeria companies with investments in Tanzania from the current five to about eight by December 2022.

“Increase volume of Tanzania products into the Nigerian market from an average of 13,641 tons per year to 15,000 tons by December 2022. Increase number and varieties of Tanzania products available in the Nigeria markets.

“To facilitate Tanzania government’s access to Nigeria-based finance institutions for loans or grants at affordable terms and conditions, at least one trade mission from Nigeria to Tanzania.”

Bana noted that the forum would be attended by business moguls from across the two countries in sectors such as the chamber of commerce, banking, tourism among others.

The High Commissioner stressed that precautionary measures had been put in place in line with the Covid-19 protocols to achieve meaningful growth.

The event would be streamed live through the mission’s platforms via; www.tanzaniahcnigeria.com.

Bana urged people wanting to participate to register http://bit.ly/TN-TITabuja and http://bit.ly/TN-TITlagos for Abuja and Lagos event respectively.

VON

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