News
Museveni courts Nigerian investment in cement, minerals
Nigeria is among the markets Uganda has identified for expanding exports under the African Continental Free Trade Area framework. In 2024, Uganda signed a commitment document with Nigeria, paving the way for exports of products including coffee, tea, milk, fish and pharmaceuticals.
The discussions also covered opportunities for Uganda to expand exports to Nigeria, particularly Ankole cattle and Ugandan dairy products. (Credit: PPU)
By: Admin ., Journalist @New Vision
KAMPALA - President Yoweri Museveni has met Nigerian investor Dr Abbas A. Waziri to discuss investment opportunities in Uganda, including cement manufacturing and the minerals sector.
The meeting was held on Tuesday (October 6) at State House Entebbe, where Museveni and Waziri, group chairman of Resident Group PLC, also discussed ways of strengthening economic ties between Uganda and Nigeria.
Waziri expressed interest in investing in Uganda's cement manufacturing industry and exploring opportunities in the country's minerals sector.
The discussions also covered opportunities for Uganda to expand exports to Nigeria, particularly Ankole cattle and Ugandan dairy products.
The discussions also covered opportunities for Uganda to expand exports to Nigeria, particularly Ankole cattle and Ugandan dairy products.
The meeting was held on Tuesday (October 6) at State House Entebbe, where Museveni and Waziri, group chairman of Resident Group PLC, also discussed ways of strengthening economic ties between Uganda and Nigeria. (Credit: PPU)
The meeting comes as Uganda seeks to deepen trade and investment links with Nigeria and other African markets.
Nigeria is among the markets Uganda has identified for expanding exports under the African Continental Free Trade Area framework. In 2024, Uganda signed a commitment document with Nigeria, paving the way for exports of products including coffee, tea, milk, fish and pharmaceuticals.
A November 2025 report by the Presidential Advisory Committee on Exports and Industrial Development (PACEID) valued Uganda's exports to Nigeria at $2.9 million (about sh11.46 billion).
The two countries have also been seeking to address barriers to greater trade.
Nigeria is among the markets Uganda has identified for expanding exports under the African Continental Free Trade Area framework. In 2024, Uganda signed a commitment document with Nigeria, paving the way for exports of products including coffee, tea, milk, fish and pharmaceuticals.
A November 2025 report by the Presidential Advisory Committee on Exports and Industrial Development (PACEID) valued Uganda's exports to Nigeria at $2.9 million (about sh11.46 billion).
The two countries have also been seeking to address barriers to greater trade.