Lagos, Enugu join Commonwealth Trade Network

Lagos and Enugu states have officially become strategic partners of the Commonwealth Enterprise and Investment Commission, a move that will increase trade and investment opportunities for Nigeria and the Commonwealth.

According to a statement, the news was announced at separate signing ceremonies in Lagos and Enugu, with CWEIC CEO Rosie Glazebrook announcing the development.

Glazebrook described the partnership as a key platform for businesses in the state at a Lagos event held recently at Lagos House Marina, saying: “This will provide an excellent platform for businesses in Lagos state and beyond to engage across the Commonwealth.”

Lagos The Babajide ceremony was attended by the Lagos State Governor, Lagos Sanwo-Olu, who was accompanied by the Commissioner for Trade, Cooperatives, Commerce and Investment, Folashade Ambrose-Medebem, and representatives from leading private organizations such as the African Export-Import Bank (Afreximbank),

Free Zones, Emerging Africa Group and Prime Atlantic Group. Enugu In state Enugu, Governor Peter Mbah and key members of his cabinet received the CWEIC team at the Lion Building. Glazebrook commended the state’s development progress, including ongoing projects such as the International Conference Centre and the Intermodal Transport System, noting that “

’s initiatives reflect the governor’s vision to attract global investment.”

Highlighting CWEIC’s role in reducing trade barriers and facilitating business between Commonwealth member states, Glazebrook stressed that “The Commonwealth standard is to work with the Nigerian government and partners to support businesses within and outside the Commonwealth

She highlighted the Commission’s ongoing engagement with the Federal Government, including discussions with Vice President Kassim Shettima and the Nigeria Investment Promotion Commission.

The CWEIC CEO also announced plans for the Commonwealth Trade and Investment Summit to be held in London next year. She disclosed that Governors Sanwo-Olu and Mba are expected to lead the first round of governors at the summit.
Dangote CWEIC announced that it has 25 strategic partners in Nigeria, including Zenith Bank Group, Famfa Oil, Seplat Energy and

as major sponsors of many CWEIC initiatives.

Glazebrook revealed plans to mobilise more Nigerian companies to attend the London Summit, describing it as “a global forum to showcase the work Nigeria is doing at both the federal and state levels”.

She noted that the Commonwealth’s total GDP was $14.2 trillion in 2022 and is expected to reach $20 trillion by 2029, with foreign direct investment within the Commonwealth increasing from $1.7 trillion to $4 trillion over the same period and expected to reach $8 trillion. Rising.