The Pakistan High Commissioner in Nigeria, Ambassador Ahmed Ali Sirohey said a Pakistani agricultural technology company is set to establish a tractor rebuild factory in Nigeria to refurbish tractors at low cost.
He said they have discovered about 60,000 disabled, damaged and grounded agricultural tractors during his research for investment opportunities in Nigeria.
The high commissioner made this known in a statement where he disclosed that “the company had completed arrangement for the establishment of tractor rebuilt factory in Gombe and will finalise it this month to be followed by another in Kano.”
Sirohey also added that his country has expressed interest in the signing of trade and investment treaty with Nigeria to further boost economic and investment cooperation between both countries.
“A trade treaty would engender mutual benefits for Nigeria and Pakistan especially in crucial areas of agricultural equipment, improved seed technology, health technology and education,” he said
The envoy also noted that there was need for endorsement of a Preferential Trade Agreement (PTA) to facilitate easy access to Pakistani and Nigerian markets by industrialists from both countries, saying it would boost joint ventures in areas of irrigation, farming, home gas technology and power generation.