Agric sector to receive investment offer when Dutch PM visits

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Nigeria’s Ambassador to the Netherlands, Mr. Oji Ngofa, says the upcoming visit of the country’s Prime Minister Mark Rutte to Nigeria, will provide an opportunity to attract more Dutch investments to the country, particularly in the manufacturing and agriculture sectors.

Ngofa said in Abuja that Prime Minister Rutte will begin a working visit to Nigeria this week.

He said that the Prime Minister will be visiting along with a trade delegation made up of Chief Executive Officers (CEOs) of Dutch companies already operating in Nigeria as well as prospective investors.

The Nigerian ambassador said that the visit would be a follow-up to President Muhammadu Buhari’s trip to the Netherlands in July 2018.

He recalled that in 2018 both leaders had restated their commitments to strengthening bilateral relations.

Ngofa described Rutte’s visit to Nigeria as timely, noting that it was coming at a time the Nigerian government is making concerted efforts at diversifying the economy and reducing dependence on oil in line with the Economic and Recovery Growth Plan (ERGP) of President Buhari.

Ngofa also stated that during the visit, the government of Niger State would sign a Memorandum of Understanding on dairy development with Royal FrieslandCampina N.V., a Dutch multinational dairy cooperative based in Amersfoort, Netherlands.

“They plan to establish their factory in Niger state. We also have Vlisco that will also establish a textile factory in Nigeria.

All of these are to stimulate our economy, create employment for our people, leverage on their expertise in the areas of capacity building and transfer of knowledge,” he said.

He expressed confidence that the new deals and investments would help balance the trade between Nigeria and the Netherlands, which is currently one-sided, in favour of the Dutch.

According to the envoy, such economic reforms, among others, are having tremendous impact on foreign direct investments in Nigeria.