Nigeria welcomes Japan Bank, Toyota Group investments

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President Muhammadu Buhari on Friday welcomed the interest shown by the Japan Bank for International Cooperation  and the Toyota Group to support projects in which Japanese companies are involved in Nigeria.

The Pesident made this known at an investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.

Mr Femi Adesina, the President’s spokesman in a statement in Abuja, said the Japan Bank for International Cooperation was led by its Deputy Governor, Mr Nobumitsu Hayashi at the meeting.

Adesina quoted Hayashi as telling the Nigerian leader that the bank had lots of resources dedicated for investment in Nigeria, and would be particularly interested in oil, gas, and investments in infrastructure.

President Buhari welcomed the bank, informing the team that Nigeria had introduced the Ease of Doing Business, and bureaucratic bottlenecks were being cleared off the way.

At a bilateral meeting with Toyota Tsusho, a part of the Toyota conglomerate, President/CEO of the group, Ichiro Kashitani, indicated interest in sectors like energy, healthcare and automobiles, saying Toyota would be delighted to have presence all over Nigeria.

President Buhari urged the group to also consider setting up a car assembly plant, noting that Nigeria had the capacity to absorb the investment for positive returns.

Peace PIAK