HomeBussinessNigerian-Spanish Council Set to Fortify Bilateral Business Relations

Nigerian-Spanish Council Set to Fortify Bilateral Business Relations


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The Nigerian-Spanish Council for Commerce, Industry, Mines, and Agriculture, a recently established body, is set to fortify business relations between Nigeria and Spain. This development comes in the wake of a Memorandum of Understanding (MoU) signed during former President Muhammadu Buhari’s visit to Spain in 2022.

At the inaugural press conference in Abuja, the council’s president, Ide John Udeagbala, elucidated the council’s objectives. Central to the council’s mission is the creation of robust inter-governmental business relationships, facilitation of trade missions, and nurturing of human capital and business logistics. Membership to this council is open to individuals and companies keen on exploiting Nigeria and Spain as gateways to Europe and Africa, respectively.

Aiming to Reduce Unemployment

The council also plans to lure Spanish investors into establishing industries in Nigeria, a move that bears the potential to curb unemployment. Deputy President Dr. Membre Otaji underscored the formalization of current business ventures and the forging of new opportunities.

Dr. Jasper Uduagwuike, the coordinator, signaled that the council would initially zero in on agriculture before branching out into manufacturing, mining, and industry. This strategy takes cognizance of existing Nigerian investments in Spanish wineries.

The council’s ambitious course of action underlines the promise of bolstering investor confidence in Nigeria by fostering an enhanced business relationship between Nigeria and Spain.

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