The Rwanda High Commission in Nigeria has announced a new Memorandum of Understanding (MoU) between the Lagos Chamber of Commerce and Industry (LCCI) and Rwanda’s Private Sector Federation (PSF). Signed at the 2024 Lagos International Trade Fair, this MoU aims to strengthen economic collaboration and expand business opportunities between Nigeria and Rwanda.
In a statement issued Thursday by Maureen Chukwura, Head of Communication at the Rwanda Embassy in Nigeria, it was confirmed that the agreement was signed in the presence of key representatives, including LCCI President Gabriel Idahosa and PSF Rwanda’s Deputy CEO Kanamugire Callixte.
The partnership will center on trade facilitation, investment promotion, capacity building, and the organization of joint events, fostering deeper business ties between the two nations. Rwandan High Commissioner to Nigeria, Ambassador Christophe Bazivamo, highlighted both countries’ shared commitment to a thriving, interconnected African business ecosystem and reiterated Rwanda’s dedication to creating an enabling environment for business growth.
“This MOU is a testament to our shared vision—a vision of a vibrant and interconnected African business landscape where Rwanda and Nigeria stand as beacons of economic collaboration and mutual growth.
“The Rwandan government is fully committed to supporting this endeavour. We have implemented policies to streamline business procedures, enhance infrastructure, and promote a conducive investment climate, ” he said.
The MoU outlines specific steps to enhance collaboration in key sectors such as agriculture, particularly in Rwandan coffee and tea production, as well as energy, manufacturing, technology, and creative industries.
The two parties plan to organize trade missions and business-to-business meetings and participate in each other’s trade fairs.
These activities are set to begin in early 2025, with preliminary virtual meetings and visits planned.
Under the agreement, the LCCI and PSF Rwanda will work to streamline trade procedures, promote cross-border investment, share relevant market information, and build business capacities through joint workshops and training programs.
The partnership is expected to open new markets, create job opportunities, and strengthen business networks in both countries.