Africa-Press – Uganda. Uganda’s High Commissioner to Nigeria has made a case for Uganda as a favourable and profitable investment and business partner for Nigeria .
Speaking during the first ever business forum, Ocheger hailed the excellent historic cordial relations between the two countries that he said are anchored on the principles of Pan Africanism and shared values.
He also applauded the two countries’ president, Yoweri Museveni and Bola Ahmed Tinubu for their unwavering commitment to ensure that these excellent bilateral relations continue to progress from strength to strength as evidenced by the business Forum and launch of Uganda Airlines maiden flight to Lagos.
Amb Ocheger reiterated that the business forum was convened with the sole purpose of bolstering bilateral trade between Uganda and the Federal Republic of Nigeria.
“The business forum is taking place in line with the Ministry of Foreign Affairs policy of implementing commercial and economic diplomacy to achieve socio-economic transformation and development for the mutual benefit of both countries,” he said, commending the efforts of the Uganda High Commission in Nigeria, Ministries of foreign affairs and trade as well as the United Nations Development Programme in ensuring the success of the forum.
“Nigerian entrepreneurs can invest in areas of value addition in Uganda by forming partnership with Ugandan businesses in agribusiness, fisheries by making use of opportunities for fish farming and establishment of fish processing factories not only on Lake Victoria but many other lakes in Uganda, manufacturing, forestry, oil, gas, health, education, financial services, energy and mining.”
He further reiterated that Uganda is committed to improving the business environment and has taken a strategic direction to embrace the liberal trade policy and continues to drive the economy in different spheres including establishment of one stop border points, automation of customs procedures, improvement in transit flow through the elimination of existing non-tariff barriers, expansion of market access opportunities through the African Continental Free Trade Area (AfCFTA), EAC, COMESA and now the tripartite of the three trading blocs of EAC, SADC and COMESA.
Amb.Ocheger also mentioned the computerized land registry, quick access to liences and registration and the introduction of electronic single window system.
He told the business forum that Uganda is one of the leading exporters on the continent of coffee, sugar, tea, beef , milk products, poultry products, fish, and horticultural products among others with the country currently having the lowest inflation rate in eastern Africa.
Ocheger told the business forum that Uganda has one of the lowest cost of doing business whereas tourism is another sector with investment opportunities.
“I would like to extend an invitation to entrepreneurs and business persons in Nigeria, and indeed in the entire West Africa to take advantage of the conducive business and investment climate and incentives available to trade with invest in and indeed, tour Uganda. “
Nigeria is Africa’s largest economy with a GDP of $440 billion s and a population of almost 250 million, presenting enormous investment opportunities for Uganda.
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