Mozambique Nigeria cooperation discuss on Investment training in the country.

Mozambique and Nigeria have contributed almost 80% in gas production in sub-Saharan Africa in this decade are findings of the Chamber of Commerce of Mozambique announced during the opening of the Nigeria Mozambique Forum which took place from 29 to Thursday 29 to 1 October in Maputo.

Considered Africa’s second largest economic power, Nigeria has joined synergies with the Government of Mozambique to promote business investment through this investment forum that has been taking place in Maputo since This Thursday, the two-day event businessmen will have side by side for creation and with their eyes set on the huge natural gas reserves of both countries. ” New liquefied natural gas projects in Mozambique and Nigeria are considered capable of leading production growth in sub-Saharan Africa, with estimates pointing to a capacity increase from 79 bvm in 2021 to 149 bcm in 2031, with Mozambique and Nigeria contributing approximately 78.6% of regional production by the end of this decade, This challenges us to take a more dynamic role in preparing our national business classes in order to become more competitive and properly empowered to address these projections with optimism and benefit more from the potential that our countries offer.” Said the President of the Chamber of Commerce of Mozambique, Álvaro Massingue.

Second, Nigerian entrepreneurs intend to bring more and more investors to Mozambique to bet on more strategic sectors. “We are using this Mozambique Nigeria investment forum to invite Nigerian entrepreneurs to. Expose investment opportunities in Mozambique because there is a lot of potential here, Many resources” he said.

Ayuba Abba Nigerian Business

Gas production in sub-Saharan Africa with the contribution of Mozambique and Nigeria can reach 80%.

The Government of Mozambique recognizes the importance of the Nigerian government’s investment in the country and specifically commercial banking. “Nigeria’s investment in Mozambique in the period 2016 to 2021 is adhered to about US$44 million directed to various sectors of economic activities with prominence and we have here with the presence of UBA abcess bank are Nigerian banks present in our square” said The Deputy Minister of Industry and Commerce Silvino Moreno

By 2020 the International Monetary Fund named Nigeria as the second largest domestic economy in Africa with a gross product of US$1.3 million, Egypt ranks first while neighboring South Africa ranks third according to the IMF.