FG Seeks Increased Flow of Foreign Investment -Japan Commits $30bn

Nigeria investment
  • FG Seeks Increased Flow of Foreign Investment
  • Japan Commits $30bn to Sustainable Devt in Africa

The federal government has stated that it is working towards increased foreign direct investments (FDI) flow the country, noting that with the current state of the economy, all hands are on deck to seek areas where Nigeria can attract the much needed foreign exchange to carry out developmental projects for economic prosperity and sustainability.

The Minister, Industry, Trade and Investment, Dr. Okechukwu Enelamah, during a business seminar organised by Japan External Trade Organisation (JETRO), assured investors of a safe and business friendly environment for their investments, noting that the federal government is doing all it can to improve the ease of doing business in the country.

The minister who was represented by the Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Ms. Yewande Sadiku, stated that ‎there are more investment opportunities Nigeria and Japan can explore considering the size of Japan, while adding that Nigeria is seeking increased trade and investment inflows from Japan.

According to him, ‎”There is a lot more that both countries can do together; the federal government is doing all it can to improve the ease of doing business in the country, it is as a result of this, the federal government inaugurated the Presidential Enabling Business Environment Council (PEBEC) chaired by the Vice President. This council has been focused on making life more convenient for businesses in the country.”

Also speaking at the event, the Director General, JETRO Paris, Mr. Susumu Kataoka ‎added at the Tokyo International Conference on Africa Development, the Prime Minster of Japan, announced its commitment to invest about $30 billion in Africa‎ for the sustainable development ‎in Africa especially in infrastructure, human resources development, technology, improvement of living conditions and regional stability.

He said the international conference had since started to create certain dynamism among the Japanese companies, saying that more Japanese companies are getting more interested in doing new businesses in Nigeria‎ or expanding their activities in other African countries.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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