Investment conference for Toronto, Canada, 2 May - In their bid to raise trade and investment volume from the present level of US$2.7 billion to US$6 billion in the next two years, Nigeria and Canada are planning a joint investment conference for Toronto, Canada, 2 May.
The private Guardian newspaper Wednesday quoted the Nigerian Ambassador to Canada, Chief Ojo Maduekwe, as announcing the plan at a press conference he jointly addressed with the visiting Chief Executive Officer of the Canadian Council on Africa, Lucien Bradet, in the Nigerian capital, Abuja.
Local organising committees (LOCs) have been constituted by both countries to coordinate the participation by their public and private sector organisations.
The Nigeria’s LOC has former Chairman of the Niger Delta Development Commission (NDDC), Chief Onyema Ugochukwu, as Chairman, with Adamu Ismaila, the Executive Secretary of the Federal Capital Territory, representing the Minister of the Federal Capital Territory (FCT), as co-chair.
Chief Maduekwe explained that the Toronto Investment Conference was not the usual jamboree that ends without meaningful outcomes.