President Goodluck Jonathan returned today, from a Developing Eight, D-8, Summit held in Pakistan, this week. He met with the leaders of other developing economies and they discussed ways forward, and he also sought bilateral ties with some countries. He also met with some Nigerians in Pakistan, while his cabinet member, Minister for Trade and Investment, Olusegun Aganga, travelling with him, held investment meetings on the sidelines.
He made moves for textile production and sugar production, in a collaboration between Nigeria and Pakistan, he submitted for sugar production that, “Recently, we approved the government policy on sugar. Pakistanis are exporters of sugar and it is sugarcane to sugar, the kind we are trying to encourage. As of today, we only produce two per cent of the sugar we consume in the country. 98 per cent of that is brown sugar that we import into the country and refine.”
“The approach is going to be, going forward is sugarcane to sugar which actually creates a lot of jobs. They are doing it and in fact they actually manufactured their sugar mills being used in this country. 98 per cent of their sugar mills in this country were manufactured locally, so we are going to collaborate in that sector, having joint venture with the major players with investors in Pakistan.”
On textile production he said, “That sector was once a big employer of labour in Nigeria. We have made some improvements in the last two years from about 25 per cent to 48 per cent in terms of capacity. We want to develop our textile sector right from cotton to fashion design and they have done that extremely well in Pakistan. This is an area we want to collaborate with them and have joint venture.”
You might also like:
This article was first published on 23rd November 2012
Comments (0)
President Goodluck Jonathan returned today, from a Developing Eight, D-8, Summit held in Pakistan, this week. He met with the leaders of other developing economies and they discussed ways forward, and he also sought bilateral ties with some countries. He also met with some Nigerians in Pakistan, while his cabinet member, Minister for Trade and Investment, Olusegun Aganga, travelling with him, held investment meetings on the sidelines.
He made moves for textile production and sugar production, in a collaboration between Nigeria and Pakistan, he submitted for sugar production that, “Recently, we approved the government policy on sugar. Pakistanis are exporters of sugar and it is sugarcane to sugar, the kind we are trying to encourage. As of today, we only produce two per cent of the sugar we consume in the country. 98 per cent of that is brown sugar that we import into the country and refine.”
“The approach is going to be, going forward is sugarcane to sugar which actually creates a lot of jobs. They are doing it and in fact they actually manufactured their sugar mills being used in this country. 98 per cent of their sugar mills in this country were manufactured locally, so we are going to collaborate in that sector, having joint venture with the major players with investors in Pakistan.”
On textile production he said, “That sector was once a big employer of labour in Nigeria. We have made some improvements in the last two years from about 25 per cent to 48 per cent in terms of capacity. We want to develop our textile sector right from cotton to fashion design and they have done that extremely well in Pakistan. This is an area we want to collaborate with them and have joint venture.”
