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Expo 2025 Will Increase Trade, Cultural Exchange – Katagum

The Federal Government says Expo 2025 will contribute to an increase in trade and cultural exchanges as well as attract Foreign Direct Investment into Nigeria.

Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum stated this in Abuja during the inauguration of a Technical Committee on Nigeria’s preparation for the Expo 2025 at Osaka, Japan with the theme “Designing Future Society for Our Lives”

According to the Minister, Expo 2025 Osaka, Japan is a global event for millions of people, from different countries to share ideas, showcase innovation, encourage collaboration and celebrate human ingenuity.

“It therefore offers a unique opportunity for all the States and the FCT, Public and Private sectors to assemble under a business umbrella, where they can express themselves using their own unique cultural setting, investment ideas and programmes. The Exposition is expected to contribute to an increase in trade and cultural exchanges, as well as attract Foreign Direct Investment” the Minister explained.

She pointed out that the theme is in tune with the United Nations’ Sustainable Development Goals, SDGs, 2030, which seeks to realize a diverse, inclusive and sustainable society, with a pledge to ensure that no one will be left behind.

The Minister stressed that beyond presenting ideas towards achieving the SDGs, Expo 2025 would also facilitate discussions on future societal goals from medium to long term perspectives, by providing opportunities for the global community to design, experiment and demonstrate possible future societies that would save, empower and connect lives for years to come.

Amb. Katagum said Nigeria’s participation at the 2025 World Expo in Japan would primarily guarantee access to over 180 participating economies and International Organizations, brought under one umbrella for economic interactions and networking which would also serve as a valuable platform for the promotion of Made-in-Nigeria goods and services.

“The Expo will also be used to further expose Nigerian innovators to the world, especially in the area of Fintech, ICT and Renewable Energy, where young Nigerians are making a headway around the globe, through innovative and technological exchanges with global industry leaders”, the Minister stated.

She noted that considering the anticipated socio-economic benefits to be derived from Expo 2025 and in conformity with the guidelines and procedures of Expos, President Muhammadu Buhari has graciously approved Nigeria’s participation and the early approval of participation at the forthcoming Expo would give the Committee ample opportunity to prepare Nigeria adequately.

She emphasized that the quest for quality participation at Osaka Expo has underscored the need for Government to constructively mobilize human and material resources which called for the constitution of a Technical Committee, to set the tone and pace for Nigeria’s participation.

The Minister expressed optimism that the team would strengthen its level of dedication in ensuring that Nigeria’s participation has its own unique special flavour that reflects who we are, how we eat, dress, decorate our homes and treat our visitors and above all, welcome investors to our land.

She therefore urged the newly inaugurated Technical Committee to set ambitious and feasible deadlines, ensure the readiness of the country ahead of the opening of the Expo, adding that, Nigeria will strive to achieve so as to have a value yielding participation at the six months long event”.

Earlier in her opening remarks, the Permanent Secretary in the Ministry, Dr. Evelyn Ngige reiterated the Ministry’s determination to lead a robust participation with trackable economic results as rewards for tax payers’ money that would be sought and spent on Nigeria’s participation at Expo 2025 in Osaka Kansai, Japan.

The Permanent Secretary who was represented by the Director, Human Resources Department in the Ministry, Mr. Yisau Adepoju charged members of the committee to work together as a team in attaining the Ministry’s mandate to secure Foreign Direct Investments (FDIs), increase both Gross Domestic Products, GDP, and Gross National Product, GNP.

PR Mathew Ayoola, by Grace Namiji

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