In the middle of this year, President Goodluck Jonathan will lead a delegation to Yokohama, Japan to attend the 5th Tokyo International Conference on Africa Development tagged TICAD V Yokohama. Since 1993, government officials have been attending this conference. What tangible benefits has Nigeria got so far? Japanese Ambassador Ryuichi Shoji speaks on this and other issues:
In the last 20 years, promoters of TICAD say there has been remarkable transformation of African countries taking symbolic example of Nigeria. As Nigeria came to regain its democracy in 1999, its GDP is said to have grown five times. From 2006, the inflow of Foreign Direct Investment (FDI) exceeds the inflow of Official Development Assistance (ODA). So FDI is one of the very important elements of growth of sub-Saharan Africa and Nigeria is the biggest receiver of FDIs.
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