Kazakhstan Deputy Minister of Foreign Affairs Alibek Kuantyrov has described his delegation’s visit to Nigeria as great success.
Kuantyrov leads a 30-member delegation from Kazakhstan public and private sectors operators to Nigeria.
The deputy minister said part of the success recorded was the signing of a Memorandum of Understanding with Nigerian investment bank, Taj Bank, to help establish Islamic Bank in Kazakhstan.
They are in Nigeria on a business visit facilitated by the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.
He said: “So, I consider this visit to be very successful, and we’re going to continue our joint work with the Nigerian side. And in the coming future, we’re also awaiting a business delegation led by His Royal Majesty, His Royal Highness, to Kazakhstan, to Astana International Forum, where we’re going to go on with mutual realisation of investment and trade projects.”
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Kuantyrov explained that some agreements have already been signed.
He said, “We already, for example, today, signed a memorandum between Astana International Financial Centre and the Taj Bank. So, this in particular is directed at developing the Islamic banking and Islamic finance in Kazakhstan, where, you know, Nigeria has a great experience. So, we have quite a big Islamic population in our country.
“So, this is just a particular project that we are developing at the moment. And of course, there will be other projects.”
The deputy minister stressed that his country and Nigeria have the potential to improve on the current trade relations.
Currently, the trade volume between both countries is hovering around one million dollars.
This, Kazakhstan Deputy Foreign Minister said, would be addressed by developing the value-added trade between two countries.