Algeria and Nigeria signed a bilateral trade agreement at Lagos, Nigeria on Monday (16 April).?
Algeria and Nigeria signed a bilateral trade agreement at Lagos, Nigeria on Monday (16 April). Under the agreement the two countries are to inaugurate a weekly direct air service between Algiers and Logos. The air link was announced on the day of signing the agreement by the Algerian Minister for Commerce, Mr. Layachi Yaker. Mr. Yaker said the two countries had tremendous potential and he saw no reason why they shouldn't work closely together.
Nigeria's Federal Commissioner for Trade, Mr. Wenike Briggs said he hoped the agreement would increase what was at present a small volume of trade between the two countries. Nigeria's Head of State, General Yakubu Gowon, welcomed the trade agreement and said that Nigeria would give maximum cooperation to promote political and economic independence on the African continent.
The trade protocol follows a recent maritime cooperation pact between Algeria and Nigeria. General Gowon said the agreements had become necessary in view of the increased volume of trade and movement of persons between the two countries.
SYNOPSIS: In Lagos on Monday, a trade agreement was signed by Nigeria and visiting Algerian representatives. Headed by Commerce Minister Layachi Yaker, the Algerian delegation was greeted at Dodan Barracks by Nigeria's Head of State, General Yakubu Gowon.
General Gowon told the visitors that Nigeria would always co-operate in promoting political and economic independence in Africa. Mr. Yaker announced that a weekly direct air transport service between Lagos and Algiers would begin next month.
The trade agreement was signed at the Ministry of Trade building in Lagos by Mr. Yaker and Mr. Wenike Briggs, Nigeria's Commissioner for Trade.
Mr. Briggs said he hoped the new agreement would increase what was at present a small volume of trade between the two countries.
The Algerian visitors said there was no reason why they should not work closely with Nigeria.