The President of the Nigerian-Hungarian Chamber of Commerce, Mr. Spencer Onosode, has emphasized the importance of Nigeria-Hungary collaboration, noting its potential to drive investments and economic growth for both nations. Speaking at the chamber’s constitution event and the induction of 30 corporate entities and individuals, Onosode highlighted the need to tap into Nigeria’s resource-rich environment and Hungary’s strong technological and scientific background to boost trade volumes.
Onosode described Nigeria as a “land of vast mineral resources and a dynamic business climate” and commended Hungary for its resilience, historical achievements, and leadership in science and technology. He encouraged new chamber members to explore Hungary’s offerings in sectors like education, tourism, arts, and architecture.
Mrs. Izabella Abia-Okon, Business Development Director, presented “Glimpses of Hungary,” which underscored Hungary’s innovations and business avenues. Mr. Banji Akinsola, a chamber inductee fluent in Hungarian, shared his positive experiences as a student and business professional in Hungary, encouraging partnerships across borders.
Veteran corporate participants and individuals active in Hungary-Nigeria trade, such as Mrs. Josephine Peters of GEC Academy International, also enriched the event by sharing insights on Hungarian educational placements. Former Hungarian Ambassador, Dr. Modupe Irele, further emphasized Hungary’s potential contributions to Nigeria in medicine, agriculture, and tech innovation, urging members to explore sustainable opportunities in these areas.
With a high-income economy and strong human development index, Hungary ranks as the 57th largest economy worldwide, with a $265 billion output and a solid reputation for skilled labor and low income inequality
