Nigeria open to more investments, Osinbajo tells foreign investors

Vice President Yemi Osinbajo recently declared that Nigeria was open to more investments from foreign companies in the areas of construction, manufacturing and technology, among others.

Osinbajo spoke when he received at the Presidential Villa, Abuja, an Australia business delegation led by Australia’s Minister of Trade, Hon Simon Birmingham.

The Vice President, who noted that he looks forward to greater co-operation between the two countries exploring other areas to deepen economic ties, said: “I think also that more opportunities will come for further interactions with Australia, especially in the light of the African Continental Free Trade Agreement (AfCFTA) we just signed.

I believe very strongly that this is an opportunity also for Australia to participate fully in the African economies, in particular Nigeria’s economy. As you are well aware, several Australian companies are already operating in Nigeria in mining, construction, manufacturing and other areas.”

He added that the Federal Government is looking forward to more foreign investments in Nigeria in different sectors.

In her remarks, the Australian Minister of Trade, said the Australian Government is looking forward to improving the bilateral trade volume between Nigeria and Australia and deepening economic ties.

He noted that there were several Australian companies already in Nigeria and Australian investors willing to invest in different sectors in Nigeria during the Nigeria Australia Economic Forum Programme.

He urged Nigerians to play important roles in building the Nigerian enterprise and urged them to embrace opportunities to make those contributions.