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Canada commits to deepening, diversifying economic ties with Nigeria

By Admin

The government of Canada has pledged to deepen and diversify economic ties with Nigeria, adding that a lot has been about the extraordinary global growth of African music and the economic opportunity growing around it.

Speaking at The Headies: Road to Toronto reception with the theme: Africa to the World, which took place at the Canadian Deputy High Commission residence in Lagos on Friday, Deputy Commission of Canada in Nigeria, Mr. Carlos Rojas-Arbulu, said the two countries already have strong connections to trade, education, investment and people.

He said: “Canada is looking to deepen and diversify its economic partnerships globally, particularly Nigeria. Our countries already have strong connections to trade, education, investment, and our people, including a significant Nigerian diaspora in Canada, 120,000, but you have to add to that, the 20 to 25,000 Nigerian students that come to our country to study in universities and schools.

“So, we see opportunities to build on those foundations, including across trade, investment, technology, education, innovation, and skills, and by creating stronger connections between Canadian businesses and Nigerian businesses and institutions. You will hear us speak about the economic piece, and here we are talking about the Trade and Investment Summit in Toronto, which we believe creates an opportunity for businesses to invest and to have a conversation to create some dreams for people.”

Talking about Nigeria’s thriving music industry, he said there are artists, producers, but also managers, technology companies, media platforms, designers, lawyers, investors, and the list goes on.

“And they are building businesses around African creativity. And the opportunity extends well beyond music. Film, fashion, media, technology, and a wider creative audience. So, the question is, how do we build on that demand? How do we create stronger businesses around African creativity? How do those businesses reach new markets and attract investment? And where can international partnerships help create new connections and opportunities? These are questions that I know matter to you, and they also matter to Canada.

“Let me just conclude by saying that we should also be realistic. Tonight, or even tomorrow, is not going to answer all of these questions, but these platforms can bring the right people into the same room, start new conversations, and help us better understand where the opportunities for collaboration actually are. And hence why this night is also about friendships, it’s about connections, it’s about networking, it’s about engaging.

“Canada is pleased to be part of that conversation, and we very much look forward to seeing where these connections can lead,” he said.