Nigeria and Kenya are seeking to strengthen their economic ties, with a focus on critical sectors such as technology, renewable energy, and tourism.
According to Abdullahi El-Rasheed, chair of the Nigeria-Kenya Parliamentary Friendship Group, the two countries have enjoyed a strong partnership since establishing diplomatic relations in 1964.
The cooperation between Nigeria and Kenya has grown in diverse areas, including trade, investment, and mutual support on the global stage.
However, El-Rasheed noted that low trade volume remains an impediment to economic growth.
To address this, the Nigeria-Kenya Parliamentary Friendship Group aims to foster dialogue, address trade barriers, and facilitate greater understanding of each other’s economic landscapes.
Some potential areas of cooperation include:
– Agriculture: Nigeria can revive its textile industry by cultivating cotton, while Kenya can share its expertise in horticulture and tea production.
– Technology: Both countries can explore opportunities in fintech, cybersecurity, and data analytics.
– Renewable Energy: Nigeria and Kenya can collaborate on solar, wind, and hydroelectric power projects to reduce their reliance on fossil fuels.
– Tourism: The two countries can promote cultural exchange programs, tourism initiatives, and people-to-people diplomacy.
By strengthening their economic ties, Nigeria and Kenya can unlock new opportunities for growth, peace, and shared prosperity.