To further boost his regimes international economic exposure President Muhammadu Buhari is expected to lead Nigeria to the first forum of the Commonwealth Enterprise and Investment Council (CWEIC) holding alongside the meeting of the Commonwealth Heads of Government, CHOGM in Malta, November 2015.
The CWEIC, formally known as the Commonwealth Business Council was transformed recently with a specific mandate to promote trade and investment among Commonwealth countries of which Nigeria is a major member. The CWEIC is expected to host the business forum which will offer opportunities for commonwealth members to exchange and project their businesses.
The forum will be attended by the heads of government, ministers from across the Commonwealth and about 1,200 business leaders.
CWEIC was established in July 2014 with the support of the Commonwealth Secretariat. It helps Commonwealth Governments attract investments, promote enterprise and improve the business environment. It also work with member companies to expand their businesses and help with new investments in any Commonwealth country
Initially the CWEIC will focus on a small number of priority programmes including economic governance and good business practice, infrastructure investment, sustainability, supporting SMEs access new markets through Commonwealth First initiative, women in business and youth entrepreneurship.
CHOGM is held every two years and is the Commonwealth’s highest consultative and policy-making body. While announcing the programe for November session Joseph Muscat, Prime Minister of Malta said “the Commonwealth is an institution whose strength lies in its diversity, a diversity which has always been underwritten by a subscription to a common set of values which include the promotion of democracy, human rights, good governance, free trade, inclusive global development embracing all members of the world community, and world peace’’.
According to CHOGM Secretary-General Kamalesh Sharma, “The Commonwealth Heads of Government Meeting brings together leaders of an immensely diverse yet cohesive grouping of 53 countries representing one third of humanity. They assemble from islands and continents at varying stages of development to work on common approaches and to plan practical action motivated by the shared values and principles of the Commonwealth Charter. Goodwill and cooperation, supported by an enduring sense of affinity between the peoples of the Commonwealth, pave the way to fresh approaches to collective benefit.
“When Commonwealth leaders gather, innovative solutions are found to today’s global challenges for the benefit of all, particularly the vulnerable and marginalised. At the Malta CHOGM the wider world will see the Commonwealth in action, as a great global good.”
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