Monday, 6 May 2013

Nigeria: 'Access to Cheap Funds Hindering Entrepreneurship'

The Federal Government has identified access to cheap funds as the greatest challenge facing entrepreneurs in the country.

Vice President Mohammed Namadi Sambo said this in Canada during a meeting with the Canadian Minister of International Trade, Ed Fast, after the signing of the Foreign Investment Protection Agreement (FIPA) between Nigeria and Canada. The FIPA agreement was signed by Nigeria's Minister of Trade and Investment Olusegun Aganga and his Canadian counterpart, Fast.
The vice president therefore requested Canada to support the Nigerian economy.

In hs remarks, Fast appreciated the manner the issue surrounding Manitoba Hydro was resolved. He sought Nigeria's support to stop Qatar from acquring the International Civil Aviation Organisation (ICAO), saying the organisation had a negotiated agreement for a further 20 years with Canada.
Earlier, at the Canadian parliamentary building, Sambo held a closed door meeting with Canadian Prime Minister Stephen Harper.

Source: Daily Trust

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