Rwanda has signed an economic cooperation agreement with Nigeria aimed at strengthening bilateral trade and investment ties between the two nations.
The agreement was signed on November 10, 2025, through the Private Sector Federation (PSF) of Rwanda and the Kano Chamber of Commerce, Industry, Mines, and Agriculture (KACCIMA) of Nigeria. The goal is to promote business collaboration, investment, and knowledge exchange between Rwandan and Nigerian enterprises.
The signing took place during the “Invest in Rwanda Session,” held on the sidelines of the 2025 Lagos International Trade Fair. The event was organized by the Rwanda Development Board (RDB) in partnership with the Embassy of Rwanda in Nigeria and the Lagos Chamber of Commerce and Industry (LCCI).
The agreement seeks to enhance cooperation between private sector players from both countries, encourage trade partnerships, and translate discussions into tangible investment projects.
Rwanda’s Ambassador to Nigeria, Christophe Bazivamo, hailed the partnership as a significant step toward building stronger economic relations between the two nations.
He stated, “Investing in Rwanda is not only about financial opportunity; it is a chance to be part of a global transformation story. What sets Rwanda apart is our mindset — innovation, efficiency, and collaboration. Our industrial parks, road networks, and technology hubs all reflect a nation with vision and readiness to partner with Nigeria on this journey.”
Ambassador Bazivamo added that Nigerian investors have played a vital role in Rwanda’s economic growth, particularly in fostering trust and collaboration in investment.
Dr. Chinyere Almona, Director General of the Lagos Chamber of Commerce and Industry (LCCI), speaking on behalf of its President, Gabriel Idahosa, reaffirmed their commitment to advancing business and investment relations between Rwanda and Nigeria.
“At LCCI, we encourage our members to participate in joint projects, investment missions, and knowledge exchange with Rwanda,” she said. “Investment forums like this one are not just promotional platforms but opportunities to launch projects, create jobs, and strengthen trade across Africa through the AfCFTA framework.”
Representing the Rwanda Development Board (RDB) at the event, Chantal Atukunda highlighted that Rwanda has established investor-friendly policies and continues to record remarkable economic growth.
She noted that Rwanda’s economy has been growing at over 7% annually, and in 2024, the country secured $3.2 billion worth of investment agreements. The B-READY 2024 Report ranked Rwanda 3rd globally in overall efficiency, 8th in public service performance, and 17th in governance and investment regulation.
Atukunda further revealed that Nigeria ranked fourth among Rwanda’s top investors last year, with total investments reaching $413 million.
Dr. Abdulaziz Muhammed, First Vice President of KACCIMA, expressed his chamber’s readiness to work with Rwanda to advance Africa’s economic development.
“Rwanda is a trusted business partner, and we are committed to deepening this collaboration to greater heights,” he said.
The session served as a platform to showcase Rwanda’s investor support systems and highlight the numerous business opportunities the country offers to international partners.
