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‘Bangladesh achieves much progress in capacity building of SMEs’

  • Staff Correspondent
  • 26 July, 2022 12:00 AM
  • Print news
‘Bangladesh achieves much progress in capacity building of SMEs’

Nigerian High Commissioner to Bangladesh Ahmed Sule on Monday said Bangladesh achieved much progress in capacity building of SMEs and Nigerian entrepreneurs can learn from Bangladesh to develop their SMEs.

He also proposed to organise B2B match-making between the SMEs of Bangladesh and Nigeria. He also informed that, Bangladeshi RMG and pharmaceutical sector have huge potential in Nigeria, said a press release.

The high commissioner made the remarks while exchanging views with the leaders of Dhaka Chamber of Commerce and Industry (DCCI).

The Nigerian envoy also said in FY 2020-21 bilateral trade between the two countries was US$ 79.76 million, where Bangladesh’s import and export was 71.53 and 8.23 million respectively.

Nigeria is taking various steps to develop “Ease of Doing Index” to attract more FDI, he added.

Acting President of DCCI Monowar Hossain chaired the meeting held at DCCI Gulshan Centre.

In his speech, Monowar Hossain urged the envoy to establish “Bangladesh-Nigeria Business Council” to explore trade and investment opportunities between the two countries.

On the day, a business delegation of Pakistan led by President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh also held a meeting with the board of directors of DCCI.

Acting President of Dhaka Chamber Monowar Hossain also chaired the meeting.

Monwar said that the bilateral trade between Pakistan and Bangladesh in FY2020-21 was US$585.41 million.

He also underscored the importance of having close liaison among the business community, regional trade enhancement and joint research and development.

FPCCI President Irfan Iqbal Sheikh said during the last couple of years both Bangladesh and Pakistan are becoming regional powers in the ICT industries specially software export.

He said Bangladesh’s world-class medicines, apparel, agro-products, jute and jute goods, halal products and ceramics have good prospects in Pakistan.

Mentionable, both Nigeria and Pakistan are the members of D-8 block.