Twenty German companies seek investments in Nigeria

Cyril Okonkwo, Abuja

Mr Okechukwu Enelamah, Nigeria's Minister of Industry, Trade and Investment.

A delegation of about 20 German firms are in Nigeria to explore investment opportunities in the country.

The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Dr Okechukwu Enelamah, paid a courtesy visit to Vice President Yemi Osinbajo on Tuesday to obtain first-hand information on the various investment opportunities.

Enelamah, who spoke with State House correspondents after the meeting, said the delegation came from Bavaria, the region of Germany covering Munich and other industrial areas of the country.

“This is a very robust delegation,” Enelamah said, adding “one of the important insights I gained from the meeting is that they really think that Nigerian economy is picking up.”

According to him, the delegation think “investments are all looking positive and they believe that it is better to face it and see for themselves rather than read about it from a distance.”

Enelamah noted that some of the investors were already in Nigeria while “most of them are actually prospecting”.

The Minister said that the investors would spend some days in the country especially in Abuja and Lagos after their successful meeting with the Vice President.

He also said that they would have follow-up meetings with other investment agencies in the country as well as the private sector in Lagos.

Enelamah added that while the new investors were looking for opportunities to invest those already in the country were seeking for chances for expansion.