Nigeria open to more foreign investments – Vice-President

Nigeria's Vice-President, Prof. Yemi Osinbajo.

Vice-President, Prof. Yemi Osinbajo, says Nigeria is open to more investments from foreign companies, including those from Turkey in the areas of construction, manufacturing, technology and other sectors.

Osinbajo’s spokesman, Laolu Akande, in a statement on Tuesday said the Vice-President received at the Presidential Villa, Abuja, a Turkish business delegation led by Turkey’s Minister of Trade, Ruhsar Pekcan.

The Vice-President noted that Nigeria and Turkey have had existing bilateral relations for decades, and maintained close cooperation in international organizations, but looked forward to greater cooperation between the two countries, exploring other areas to deepen economic ties:

“I think also that more opportunities will come for further interactions with Turkey, especially in the light of the African Continental Free Trade Agreement we just signed.

“I believe very strongly that this is an opportunity also for Turkey to participate fully in the African economies, in particular Nigeria’s economy.

“As you are well aware, several Turkish companies are already operating in Nigeria in construction, manufacturing and other areas.”

In her remarks, Peckan said the Turkish Government was looking forward to improving the bilateral trade volume between Nigeria and Turkey and deepening economic ties.

She said that there were several Turkish companies already in Nigeria, and Turkish investors willing to invest in different sectors in the country.

Pekcan also thanked the Nigerian government for its continued support in tackling the global threat of terrorism.

Senior government officials at the meeting included the Minister of Industry, Trade and Investment, Chief Niyi Adebayo; Minister of State for Foreign Affairs, Amb. Zubairu Dad; and the Executive Director, Nigerian Export Promotion Council, Mr Segun Awolowo.


Amaka E. Nliam