Home Business Asankoko Group to flag off Malaysia-Nigeria bilateral trade investment in Lagos

Asankoko Group to flag off Malaysia-Nigeria bilateral trade investment in Lagos

5 min read

As part of its plan to enable economic development through bilateral trade and investment between Nigeria and Malaysia, Asankoko Group paid a courtesy visit to the Alaiyeluwa Oloja of Epe, HRM Oba Kamorudeen Ishola Animashaun last Monday, while on a tour of Alaro City.

Asankoko Group CEO, Prince Olawale Sulaiman Ayinla;  and the Malaysia Trade Commissioner to Nigeria, Mr. Suwardy Abdul Shukor; were joined by the Council Mayor of Epe Local Government, Hon (Princess) Surah Olayemi Animashaun to visit the monarch.

While addressing the monarch, Ayinla said there are immense benefits in the creation of good trade and investment relations between Malaysia and Nigeria. “Asankoko Group is the framework designer of bilateral trade and development between Nigeria and Malaysia while Malaysia External Trade Development Commission is the facilitator, and the focus is on industrialisation of Nigerian assets. And to flag off these efforts, Lagos State is our entry point into Nigeria while Epe is the entry point into Lagos State via the Free Trade Zone project”, he added.

Alaro City, a mixed-use development area located in the Lekki Free Trade Zone in Epe, spans about 2,000 hectares of land and is within a 20-minute drive to Epe Town. With the new Lekki International Airport and the Deep Seaport projects as well as other infrastructural development ongoing in that axis, Epe is moving towards the new face of the future of Lagos.

This underscores Asankoko’s decision to activate bilateral trade and investment between Malaysia and Nigeria to commence with Lagos State, and Epe in particular. “Industrialisation of Nigeria assets through Malaysia-Nigeria bilateral Trade, Industry, Tourism, and Investment development remains our mission”, Ayinla said.

He further said that the initiative also has a strategic connection with Malaysia Traders Market, a bilateral trade and investment platform in Nigeria that will be a one-stop traders centre for Malaysian products and services in Nigeria under the free trade zones towards the utilisation of Nigerian resources for the economic growth of both nations.

Last month, Asankoko Group was hosted by the Ministry of Plantation Industries and Commodities in Malaysia during the maiden edition of the Malaysia International Agricommodity Expo and Summit in Kuala Lumpur.

“After a series of presentations and stakeholder consultations, Asankoko International (Nigeria) Limited, in collaboration with Asankoko Worldwide Innovative Malaysia Sdn Bdh, signed a Memorandum of Understanding in areas that have been designed for a progressive impact on trade development between Nigeria and Malaysia while also making Malaysia a hub to Asia industries,” Ayinla disclosed.

Some of the business areas include gloves, livestock supplements, drones, waste to energy, solar powered water pumps, solar power products, educational development products, as well as other high tech and infrastructure projects.

Load More Related Articles
Load More By Breezynews
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Contractor hands over 2nd Niger Bridge

The Federal Government has taken delivery of the Second Niger Bridge from the contractor, …