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Nigeria seeks investment US, China, 13 other countries

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Through a collaboration of the Nigeria Investment Gateway, the Infrastructure Concession Regulatory Commission, the National Office for Technology Acquisition and Promotion, a number of other government agencies, Nigeria is seeking fresh investments from at least 15 countries across the globe.

Chairman of the Nigeria Investment Gateway, a UK-based firm engaged in promoting Nigeria as an investment destination, Chidi Umeano, who spoke at an international symposium in Abuja, said they were aiming at getting businesses in countries such as the United States, United Kingdom, Thailand, Brazil, South Africa, France, Germany, Spain, Indonesia and China, to set up factories in Nigeria.

“We are targeting 15 countries that we currently do business with the most, both in terms of import and export, such as the United States, the UK, Thailand, Brazil, South Africa, France, Germany, Spain, Indonesia and China,” Umeano said.

“We are using this forum to invite them to come into Nigeria to set up factories. We are asking them to come in and transfer their knowledge to Nigerians. We also want them to come in and show us what they are doing in order to boost our economy, as thousands of jobs will be created.”

He added that NIG had entered into partnerships with stakeholders across the globe to provide diverse services through the execution of targeted interventions that showcased Nigeria as the true financial giant in Africa.

Speaking at the symposium, the Director-General, NOTAP, DanAzumi Ibrahim, noted more than 90 per cent of the technology that powered the Nigerian economy was imported.

The implication of this, Ibrahim said, is capital flight and repatriation of funds by some companies operating in the country, which could be stemmed by attracting foreign to invest in Nigeria.

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