Fin24

Davies to speak at Nigeria forum

2012-10-04 08:44

Cape Town - Trade and Industry Minister Rob Davies will address the international investment forum in Nigeria on Thursday, his department said.

The visit to Lagos was part of efforts to transform the continental economy from resource-dependent to a diversified and industrial one.

"The continent will not harness its comparative advantage of utilising natural resources as a cornerstone of industrial development, converting comparative advantages into competitiveness, without adequate energy and other infrastructure," Davies said in a statement.

Davies' visit would also strengthen trade ties following the signing of a memorandum of understanding in May.

The economic co-operation agreement included areas such as mineral beneficiation, agro-processing, pharmaceuticals, and infrastructure development.



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