1 month ago
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The president of the Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, has commended Ethiopia’s enactment for its economical advancement and expressed optimism astir stronger ties betwixt Nigeria and Ethiopia.
Kwairanga gave the commendation successful his code astatine a statesmanlike meal held successful Addis Ababa, Ethiopia, connected Friday,.
This was during an authoritative sojourn that coincided with the instauration laying ceremonial of the $3 cardinal Dangote Fertiliser Plant.
The NGX president lauded the lukewarm hospitality extended by the Ethiopian authorities and praised the country’s efforts successful preserving its affluent past portion embarking connected transformative improvement projects.
“Ethiopia has a agelong and arrogant past arsenic 1 of Africa’s oldest autarkic nations.
“I americium blessed to spot that you person preserved that bequest portion creating projects specified arsenic the Grand Ethiopian Renaissance Dam and the Dangote Cement Plant, which basal arsenic enduring testaments to your leadership,” helium said.
Speaking connected the caller $3 cardinal fertiliser complex, the NGX Chairman described it arsenic a “gigantic task befitting of Alhaji Aliko Dangote’s imaginativeness and execution capacity,.”
He noted that the African industrialist continued to show committedness to advancing the continent’s self-sufficiency and development.
He said the task underscored the request for accrued concern successful Africa’s infrastructure.
He emphasised that improved transport, energy, and concern systems were cardinal to unlocking the continent’s immense potential.
“Africa has each it takes to beryllium the world’s adjacent maturation engine, but to execute that, we indispensable tackle our infrastructure shortage and pull investments that volition supply jobs and amended livelihoods,” helium said.
Kwairanga besides highlighted Nigeria’s enactment for Ethiopia’s economical reforms, peculiarly successful superior marketplace development.
He disclosed that the Nigerian Exchange Group played a important relation successful establishing the Ethiopian Stock Exchange, the country’s archetypal and present holds a 10 per cent equity stake.
“This concern is simply a factual objection of our content successful the stableness and viability of the Ethiopian economy,” helium said.
The NGX brag further noted that the shared similarities betwixt Nigeria and Ethiopia, including their ample and industrious populations, resilience successful the look of challenges, and beardown leadership.
According to him, the increasing practice betwixt the 2 nations, strengthened by backstage assemblage partnerships specified arsenic Dangote’s investments, volition proceed to fortify bilateral relations and beforehand inclusive maturation crossed Africa.
Kwairanga expressed appreciation to the Ethiopian Prime Minister, furniture members, and citizens for their lukewarm hospitality, portion congratulating some the Federal Democratic Republic of Ethiopia and Dangote Industries Limited connected their collaboration. (NAN)
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