• Thursday, May 23, 2024
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BusinessDay

Sambo urges Canada to support Nigeria’s economic initiatives

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Vice President Namadi Sambo on Thursday in Ottawa urged the Canadian government to support Nigeria’s drive for economic prosperity.

Malam Umar, the senior special assistant on media and publicity to the vice president, said this in a statement he issued in Abuja on Thursday.

The vice president is in Canada for the Canada-Nigeria Investment Conference holding in Toronto from May 2 to May 4.

According to the statement, the vice president made the appeal at a meeting he held with the Canadian minister of international trade, Ed Fast, at the Canadian parliamentary building in Ottawa.

The vice president also reportedly used the opportunity to inform the Canadian minister of details of “Nigeria’s journey to prosperity.”

“He noted the expertise of Canada in hydro power and briefed the minister of the progress recorded on Zungeru with the signing of the $1.3 billion contract … to generate 700 megawatts of electricity,” the statement said.

According to the statement, Sambo also intimated the minister about the progress of work at the Mambilla Power project.

He said the power project would cost $6.4 billion and would generate 3,050 megawatts when completed.

Earlier, Ed Fast had expressed Canada’s gratitude over the manner the issues surrounding Manitoba Hydro was resolved.

He promised to address the request by Nigeria over fumigation of her wheat imports.

As regards provision of profitable loans, he promised to take a second look at Nigeria’s request.

During the meeting, Nigeria and Canada signed the Foreign Investment Protection Agreement (FIPA).

At the occasion Nigeria’s minister of trade and investment, Olusegun Aganga and Ed Fast, his Canadian counterpart, signed for their respective countries.