Buhari advocates increased trade among D-8 countries 

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By Patience Danjuma 

President Muhammadu Buhari has urged D-8 leaders to prioritise incentives and measures aimed at increasing trade and investments among member countries.

Speaking at the ninth summit of the D-8, in Istanbul on Friday, Buhari said the private sector and business communities in the economic organization must be assisted with incentives to widen economic cooperation among member-states.

‘‘As the D-8, we need to intensify our activities with a view to enhancing various measures and incentives introduced to promote trade and assist the business communities from Member States to invest in our countries and widen our cooperation.

‘‘We need to work hard to establish integrated manufacturing structures and markets. I will like to reiterate the importance of increasing trade and investment among our Member States,’’ he said,

Buhari also used the occasion of his speech to reiterate Nigeria’s commitment to international trade and development even as he affirmed the country’s readiness to host the Meeting of D8 Ministers of Industry from November 14 – 17 in Abuja.

Highlighting the attractive business and investment opportunities in the country, the President stressed the need for prospective investors to take advantage of the Federal Government’s new policies on trade facilitation.

‘‘Nigeria is committed to, and is actively pursuing a policy of trade and investment facilitation for growth. The gains from trade are reflected in greater competitiveness, improved productivity, job creation, consumer welfare and prosperity.

‘‘Economies that grow fastest and at more sustainable rates are those that actively promote trade and attract investment. We are committed to creating an enabling environment and making Nigeria an attractive place for business and investment,’’ he said. 

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