The Ghana chapter of the Nigerians in Diaspora Organisation, NIDO, has disclosed that the recent visit by the Speaker of House of Representatives, Mr Femi Gbajabiamila to that country Ghana averted the impending trade war between Ghanaian and Nigerian spare parts dealers in the country.
Vice-President of NIDO-Ghana, Mr Kingsley Attoe disclosed this on Saturday, while thanking the Speaker for his timely intervening.
“Currently, Nigerians are waiting to see the outcome of the meetings he had.
“Two days ago, he met the speaker and Nigerian traders separately. Yesterday, he met with Nigerian business executives.
“There are talks about setting up a Nigeria-Ghana Business Council with the hope of domesticating it in both countries.
“NIDO believes more still has to be done. The problem is less of government-to-government but more of people to people.
“We need to look for a way to sensitise citizens of both countries to the need for Ghanaians to understand Nigerians and encourage Nigerians to invest more in their country,” Attoe said.
According to him, Gbajabiamila’s visit would lead to the amicable settlement of the issues between the Nigerian Union of Traders Association in Ghana, NUTAG and the Ghana Union of Traders, GUTA.
Gbajabiamila on Thursday in Ghana, urged the authorities there to review the law that required businesses to have a capital base of $1 million before they could start business.
“We encourage you to revisit the component of the law that requires a capital base of $1,000,000.
“We are all African. We all have towns and villages and know only too well that the majority of our traders across the continent are petty traders.
“The prospects of them being able to raise a capital base of one million dollars before they can trade in goods that maybe worth less than one thousand dollars clearly is a major challenge,” he said.