28 October 2012

Nigeria: U.S. Investors Due in Nigeria Early Next Year

A group of investors from the United States will arrive Nigeria in January in search of investment opportunities, THISDAY has learnt.

On arrival in the country, they will be exploring investment opportunities in areas like rail, airports, ICT, agriculture, roads, NDDC and ports.

The foreign investors, who will hold business meetings in Lagos, Abuja and Port Harcourt, are billed to arrive on January 14, 2013, on an investment exploration driven by the State Department and the Corporate Council on Africa (CCA), a body at the forefront of strengthening and facilitating the commercial relationship between US and Africa.

They will hold meetings in Lagos, Abuja, and Port Harcourt, where they would be hosted by the Niger Delta Development Corporation (NDDC) and the BRACED states, an acronym for the six South-South States - Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta.

The build-up to a forum held this month in Washington DC had earlier revealed the rising interest of US investors in Nigeria. About 45 private and publicly quoted companies in the US were said to be exploring possibilities of investing in the country.

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