14 June 2014

Nigeria: 'Investors Trooping to Nigeria Despite Security Challenges'

The Minister of Industry, Trade and Investment, Chief Olusegun Aganga, has said more foreign trade delegations and potential investors came to Nigeria within the last four weeks that witnessed a lot of serious challenges than at any time in the recent past.

Speaking at the second Nigerian Diaspora Direct Investment Summit (NDDIS) in London on Thursday, the minister said within the period, the Chinese Premier, the Presidents of Kenya and Pakistan, US Secretary of Commerce, among others, also came to into the country with large delegations with a view to exploring business relations with Nigeria.

He said the reason why business operators and potential investors are trooping into the country was because of the lucrative business opportunities that abound in Nigeria, stressing that "there are opportunities to make money everywhere in Nigeria."

He added that: "A lot is happening in Nigeria. The foreign business operators come to Nigeria not for sentiments or charity work; they come to make money. Nigerians in diaspora should not be left out."

Aganga said: "Money is moving to Africa and Nigeria is the number one investment destination in Africa," explaining that with the fastest growing middle-class and investment in the power sector, Nigeria would be a different country in the next three to five years.

He said with the high number of Nigerians in the UK estimated to be about two million, Diaspora Nigerians should think of establishing Nigeria towns and Nigerian markets in the UK as obtained with communities from other parts of the world.

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