A delegation of the Austrian business community has arrived in Nigeria with the aim of discovering business ventures that would improve trade relations between both countries.

Among the team were people from diverse sector of the economy including textiles, agriculture, energy, construction, financial services and construction industry who also met with their Nigerian counterparts, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture.

The Austrians who were optimistic about Nigeria’s economic potential, particularly its population and abundant natural resources, emphasised the need for government to improve the state of infrastructure as critical factor to drive investment and economic growth.

The meeting which held at the Sheraton Hotels and Towers, Ikeja witnessed the signing of Memorandum of Understanding (MoU ) with focus to promote the development of trade, investment and economic relations between Nigeria and the Republic of Austria.

The MoU however would specifically ensure regular exchange of non-confidential economic and trade information to strengthen trade and economic cooperation between Nigeria and Austria.