Strengthens ties fromA4

Caribbean Export, the regional trade and investment promotion agency for the Caribbean, brings extensive experience in facilitating market access, building capacity, and supporting entrepreneurship across the region

Speaking at the event, Deodat Maharaj, Executive Director of Caribbean Export, emphasized the goal of creating opportunities for Nigerian businesses in the Caribbean region and vice versa

The majority of businesses in both regions are Micro, Small, and Medium Scale Enterprises (MSMEs), which account for a significant portion of total employment The MOU aims to strengthen these enterprises and foster job creation

Nigeria, Africa’s largest economy and a key player in the continent’s trade landscape, presents immense potential for Caribbean exporters and investors The signing of the MOU signifies Nigeria’s recognition of the Caribbean region’s strengths in key areas By collaborating closely with Caribbean Export, Nigeria aims to establish stronger trade ties, opening doors for increased investment and business opportunities

Femi Egbesola, president of the Association of Small Business Owners in Nigeria, expressed excitement about the agreement, noting the potential it holds for Nigerian entrepreneurs to engage in businesses with Caribbean countries He highlighted the lack of awareness about Caribbean trade among many Nigerian entrepreneurs and expressed optimism that the partnership would provide new doors and opportunities

Moving forward, Caribbean Export and Nigeria will work diligently to implement the objectives outlined in the MOU, fostering collaboration between the public and private sectors and facilitating meaningful connections between businesses from both regions