Nigeria and Morocco have built on their recent trade relationship by establishing a Nigeria-Morocco Business Council. The agreement meant to enhance economic cooperation was signed by entrepreneurs from Nigeria and their Moroccan counterparts in Rabat, Morocco.
The Chairman of the Nigerian delegation, Mr. Yusuf Hamisu Abubakar, noted that the agreement, signed and adopted by both sides, is expected to explore and open new grounds for business opportunities in both countries. According to him, the partnership would facilitate a better economy and relationship between Nigeria, the largest economy in Africa, and Morocco, the highest Francophone investor after France.
“We came together with the council to determine the modalities of harnessing business areas beneficial to the stakeholders.
“The leaders of our two countries, President Muhammadu Buhari and his Majesty King Mohammed IV have laid out the vision and establish the framework for businesses to cooperate through partnerships and collaboration by leveraging on the comparative advantages of both countries for the benefit of our two countries and Africa in general,” He said.
Presently, Nigeria and Morocco have 21 bilateral agreements signed by their leaders in different areas of business interests that need private sector participation for better results to be achieved, and it is expected that the agreement between both nations would improve economic impact within their terrains.